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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3261:
A percentage reduction from the quoted price of goods given to a buyer to encourage bulk purchase is called
  • A Cash discount
  • B Trade discount
  • C Commission
  • D Bonus
View Answer & Explanation
Question 3262:
The difference between the cost price and selling price of an article is
  • A Commission
  • B Mark-up
  • C Rebate
  • D Discount
View Answer & Explanation
Question 3263:
A ceiling on the quantity of commodity to be imported into the country is called
  • A Ban
  • B Tariff
  • C Price limit
  • D Quota
View Answer & Explanation
Question 3264:
The buyer in a hire purchase contract becomes the legal owner of the goods by paying
  • A Initial deposit
  • B The last installment
  • C Half of the purchase price
  • D Two-third of the purchase price
View Answer & Explanation
Question 3265:
The document which helps in ascertaining the correct value of imports in order to assess the custom duty is
  • A Bill of lading
  • B Consular invoice
  • C Bill of sight
  • D Ships manifest
View Answer & Explanation