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Wednesday, 15 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2171:
One of the demerits of sole trading is
  • A Quick decision taking
  • B Flexibility in operation
  • C Unlimited liability
  • D Pride of ownership
  • E Ease of commencement
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Question 2172:
A group of people in the same line of business who come together for the interest of its members is called
  • A Chamber of Commerce
  • B Trade association
  • C Trade union
  • D Consortium
  • E Cartel
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Question 2173:
A foreign order which instructs an agent to buy certain goods at a particular place called
  • A Letter of credit
  • B Letter of attorney
  • C Open indent
  • D Closed indent
  • E Bill of laden
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Question 2174:
The shares of XYZ Plc are quoted at the stock exchange by a jobber at 85k for k share. How much will Alabi, an investor who buys 500 shares pay?
  • A #675.00
  • B #425.00
  • C #250.00
  • D #175.00
  • E #75.00
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Question 2175:
An agent who guarantees payments for goods sold is
  • A A factor
  • B A del credere agent
  • C A broker
  • D A partner
  • E An aunctioneer
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