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Commerce Past Questions and Answers

Commerce Questions

Question 3776:
A foreign order which instructs an agent to buy certain goods from a particular supplier is
  • A Closed indent
  • B Open indent
  • C Letter of credit
  • D Letter of enquiry
View Answer & Explanation
Question 3777:
Which of the following is not a condition for dissolution of a partnership?
  • A Continuous disagreement among partners
  • B Expiration of a business year
  • C Mutual consent of the patners
  • D Termination of the venture
View Answer & Explanation
Question 3778:
A country's balance of trade of -S20 million shows that its
  • A Import volume is greater than export
  • B Import and export volumes are equal
  • C Export volume is greater than imports
  • D Exports are mainly primary products
View Answer & Explanation
Question 3779:
The collection of import duty is a function of the
  • A Ports authority
  • B Marketing boards
  • C Clearing and forwarding agents
  • D Customs and excise authority
View Answer & Explanation
Question 3780:
An error on an invoice may be rectified by issuing
  • A An advice note
  • B A consignment note
  • C A credit note
  • D A delivery note
View Answer & Explanation