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Tuesday, 07 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3371:
Small-scale retailers continue to exist in spite of the dominance of large firms because they
  • A Render personal service
  • B Employ few salesmen
  • C Can raise large capital from relatives
  • D Deal in specific goods
View Answer & Explanation
Question 3372:
Buildings and machinery purchased for use in business are examples of
  • A Current assets
  • B Fixed assets
  • C Capital employed
  • D Paid up capital
View Answer & Explanation
Question 3373:
The throwing of goods over board to prevent a ship from sinking is known as
  • A Floatsam
  • B Abandonement
  • C Jettison
  • D Particular average
View Answer & Explanation
Question 3374:
In insurance, risks that have no statistics for their calculations are
  • A Insurable risks
  • B Certain risks
  • C Un-insurable risks
  • D Uncertain risks
View Answer & Explanation
Question 3375:
The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as
  • A Entrepot trade
  • B Dumping
  • C Hedging
  • D Counter trade
View Answer & Explanation