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Sunday, 12 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3186:
Which of the following is a means of payment?
  • A I.O.U
  • B Postal order
  • C Promissory note
  • D C.I.F
View Answer & Explanation
Question 3187:
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as
  • A Invisible imports
  • B Invisible exports
  • C Visible imports
  • D Vivible exports
View Answer & Explanation
Question 3188:
The main divisions of production are
  • A Industry, direct and indirect services
  • B Extraction, manufacturing and construction
  • C Industry, commerce and direct services
  • D Industry, commerce and trading
View Answer & Explanation
Question 3189:
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.<br/>What is the cost of goods sold?
  • A D28,000
  • B D27,000
  • C D8,000
  • D D5,000
View Answer & Explanation
Question 3190:
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.<br/>What is the cost of goods sold?
  • A D28,000
  • B D27,000
  • C D8,000
  • D D5,000
View Answer & Explanation