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Commerce Past Questions and Answers

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Commerce Questions

Question 2201:

The services rendered by Nigerian Airways to foreign companies are part of Nigeria's

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A Visible exports
B Visible imports
C Invisible exports
D Invisible imports
E Entreport trade

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Question 2202:

One of the characteristics of a debenture is that

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A It yields a fixed rate of dividends
B It has no redemption date
C It yields a fixed rate of interest
D Its holder has a voting right
E The holder bears more risk than others

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Question 2203:

Which of the following is a disadvantage of credit transaction?

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A Increases turnover
B Facilitates the sale of durable goods
C Encourages the habit of saving
D Encourages bad debt
E Enables consumers to enjoy goods without immediate payment

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Question 2204:

In which of the following do the goods become the property of the buyer on the payment of first installment

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A Hire-purchase
B Deferred payment
C Leasehold
D Cash with order
E Forward trading

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Question 2205:

Which of the following government legislation is not aimed at consumer protection?

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A Taxation Law
B Sales of Goods Act
C Food and Drugs Act
D Standards Organization Act
E Price Control Act

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