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Tuesday, 07 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3451:
which of the following is a document of title of goods
  • A Bill of exchange
  • B Bill of entry
  • C Letter of hypothecation
  • D Bill of lading
View Answer & Explanation
Question 3452:
the fee paid for transporting goods by ship is
  • A Fare
  • B Freight
  • C Demurrage
  • D Charges
View Answer & Explanation
Question 3453:
The minimum lending rate of a bank is a component of its
  • A Current assets
  • B Debit balances
  • C Credit balance
  • D Fixed assets
View Answer & Explanation
Question 3454:
Which of the following is NOT backed by gold but by government securites?
  • A Fiduciary note
  • B Token money
  • C Commodity money
  • D Fiat money
View Answer & Explanation
Question 3455:
The type of wholesaler that combines selling, delivery and collection in one operation is
  • A Specialist wholesaler
  • B Rack jobber
  • C Drop shipment
  • D Truck wholesaler
View Answer & Explanation