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Sunday, 12 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3786:
The right ol a seller to make corrections on invoices is expressed by tlhe term
  • A Errors and omissions excepted
  • B Errors omissions excluded
  • C Errors and omissions exempted
  • D Errors and omissions expected
View Answer & Explanation
Question 3787:
Speed is an important factor to be considered for choice of means of transport where goods are
  • A Perishable
  • B Interior
  • C Fragile
  • D Bulky
View Answer & Explanation
Question 3788:
The practice by which insurance companies share risks with other insurance companies is
  • A Contribution
  • B Re-insurance
  • C Insurance
  • D Underwriting
View Answer & Explanation
Question 3789:
One of the functions of the ports authority is
  • A Checking the activities of smugglers.
  • B Collecting import duties
  • C Enforcing law ad order in harbours
  • D Providing warehousing services.
View Answer & Explanation
Question 3790:
Which of the following means of payment requires acceptance by the debtor to make it valuable?
  • A Bearer's cheque
  • B Bill of exchange
  • C Postal order
  • D Promissory note
View Answer & Explanation