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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2796:
Which of the following is an intangible assets of a firm?
  • A Goodwill
  • B Reserve
  • C Skilled personnel
  • D Rights issue
View Answer & Explanation
Question 2797:
The net profit of a business is determined by?
  • A Deducting cost of goods sold from sales
  • B Deducting purchases from sales
  • C Adding commission received to gross profit
  • D Deducting all expenses from gross profit and other income
View Answer & Explanation
Question 2798:
An organization formed mainly by traders on the same line of business is known as?
  • A Trade union
  • B Cooperative society
  • C Trade association
  • D Chamber of commerce
View Answer & Explanation
Question 2799:
A bank's undertaking to pay an exporter on behalf of an importer is a?
  • A Documentary credit
  • B Letter of credit
  • C Letter of hypothecation
  • D Bill of exchange
View Answer & Explanation
Question 2800:
Who among the following cannot be regarded as an itinerant trader?
  • A Gypsy
  • B Barrow toy
  • C Pediar
  • D Stall owner
View Answer & Explanation