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Wednesday, 01 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2786:
Which of the following coordinates other factors of production to achieve set objectives?
  • A Land
  • B Labour
  • C Enterprenuer
  • D Capital
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Question 2787:
Production is defined as?
  • A An industrial undertaking
  • B Creation of utility
  • C Earning ones daily bread
  • D The changing of raw materials
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Question 2788:
An advantage of a public limited company over a private one is the?
  • A Limited liability of shareholders
  • B Easy transferability of shares
  • C Access to retained earnings
  • D Less taxation by government
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Question 2789:
The distribution of profits based upon the level of patronage in the business is a common feature of?
  • A Partnership firms
  • B Public limited companies
  • C Co-operative societies
  • D Private limited companies
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Question 2790:
The fee which the bank charges for services rendered to their current account customers is?
  • A Commission on turnover
  • B Bank rate
  • C Minimum lending rate
  • D Interest
View Answer & Explanation