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Thursday, 02 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 2816:
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
View Answer & Explanation
Question 2817:
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
Question 2818:
Which of the following would not affect the form of a business unit
  • A Availability of raw materials
  • B The type of business
  • C Number of persons involved
  • D The capital size
View Answer & Explanation
Question 2819:
Partnership form of business is most appropriate
  • A Where proffessionals are needed
  • B For non-profit making ventures
  • C Where very large capital is required
  • D Where the liability of members is limited
View Answer & Explanation
Question 2820:
Partnership form of business is most appropriate
  • A Where proffessionals are needed
  • B For non-profit making ventures
  • C Where very large capital is required
  • D Where the liability of members is limited
View Answer & Explanation