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Commerce Past Questions and Answers

Commerce Questions

Question 3201:
Banks settle their indebtedness in the
  • A Discount house
  • B Stock exchange market
  • C Commercial bank
  • D Clearing house
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Question 3202:
Which of the following distinguishes home trade from foreign trade?
  • A Payments are easily arranged
  • B Taxies are levied
  • C Goods have to be warehoused
  • D Middlemen are not required
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Question 3203:
Before the advent of legal tender and credit instrument, which of the following was used as a medium of exchanged?
  • A Currency notes
  • B Cowries
  • C Cheques
  • D Bankdrafts
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Question 3204:
When C.I.F is quoted on an invoice, it means that the price includes the
  • A Cost of goods only
  • B Cost of insurance only
  • C Cost of carriage only
  • D Cost, insurance and carriage
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Question 3205:
Encouraging a high quality of members' products through the circulation of research information is a function of
  • A Manufacturers Association
  • B Trade Union
  • C Employers Association
  • D Consumers Association
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