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Commerce Past Questions and Answers

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Commerce Questions

Question 2741:

Which of the following is not a function of the Ports Authority

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A Controlling pollution in rivers
B Providing parking space for vehicles
C Providing storage and warehousing facilities at the docks
D Providing facilities for water traffic movement

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Question 2742:

Terms of trade refers to

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A Agreement between two trading countries
B The difference between the value of imports and exports
C The relationship between export and import prices
D All payments made to other countries and reciepts of them

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Question 2743:

The aid to trade responsible for the preservation of perishable items is

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A Warehousing
B Insurance
C Transportation
D Warehousing

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Question 2744:

Which of the following abbreviations permits the seller to correct any error in an invoice?

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A F.O.R
B C.I.F
C C.E % O.E
D I.O.U

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Question 2745:

C % F as a price quotation in foreign trade means that the buyer

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A Is responsible for clearing and forwarding the goods
B Has to pay for cost and freight
C Pays for both the freight and insurance
D Pays for insurance only

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