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Commerce Past Questions and Answers

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Commerce Questions

Question 2831:

Which of the following is a feature peculiar multiple shops?

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A Central Location
B Self Service
C Central Buying
D One stop shopping

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Question 2832:

Terms of trade is the

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A Rate at which the central bank discounts first class bills
B Rate at which a country's exports exchange for its imports
C Expected rate of returns on an investment
D Rate of payment for goods and services purchased

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Question 2833:

Which of the following encourages trade between regions?

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A Differences in currencies of countries
B Difference in national income of countries
C Existence of trade associations
D Differences in natural resources

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Question 2834:

Which of the following is not suitable for hire purchase?

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A Textiles
B Furniture
C Refrigerators
D Printing machine

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Question 2835:

A seller quoting his goods loco price means that

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A All charges are borne by the seller
B All charges are borne by the buyer
C The seller pays carriage as far as the buyers warehouse
D The price includes cost, insurance and freight

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