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Thursday, 09 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3291:
A document used as a polite way of refusing credit is
  • A Advice note
  • B Quotation
  • C Proforma invoice
  • D Invoice
View Answer & Explanation
Question 3292:
Carriage forward on an invoice means
  • A Carriage will be paid next time
  • B Carriage will be paid by seller
  • C Carriage will be paid by buyer
  • D Carriage has been paid
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Question 3293:
Which of the following will be suitable for hire purchase sale?
  • A Shares
  • B Refrigerator
  • C Shoes
  • D Textile
View Answer & Explanation
Question 3294:
A person who earns extra commission for guaranteeing debts is a
  • A Factor
  • B Broker
  • C Commission agent
  • D Del-credere agent
View Answer & Explanation
Question 3295:
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
  • A Indemnity
  • B Insurable interest
  • C Proximate cause
  • D Subrogation
View Answer & Explanation