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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3246:
An efficient transport system enables a trader to
  • A Widen the market for his products
  • B Avoid customs examination of goods
  • C Adopt better price policy
  • D Reduce cost of production
View Answer & Explanation
Question 3247:
The Central Bank's monetary policy instrument by which it buys and sells treasury bills is known as
  • A Open Market Operation
  • B Bank rate
  • C Cash reserve ratio
  • D Special deposit
View Answer & Explanation
Question 3248:
Which of the following acted as the central bank for West African countries before their independence?
  • A The West African Clearing House
  • B The British Bank for West Africa
  • C The West African Currency Board
  • D The African Development Bank
View Answer & Explanation
Question 3249:
Current account holders withdraw money by means of
  • A Credit card
  • B Draft
  • C Withdrawal form
  • D Cheque
View Answer & Explanation
Question 3250:
Which of the following is a feature of mail order business?
  • A Employs many shop assistants
  • B Practices self service
  • C Provides attractive shop front
  • D Rents large warehouse
View Answer & Explanation