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Commerce Past Questions and Answers

Neco Commerce Questions

Question 51:

What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?

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A Banker's bank
B Bank rate
C Cash /liquidity ratio
D Funding operations
E Open market operations

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Question 52:

Dealing on the Stock Exchange may be either

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A ‘for cash or ‘for hire’
B ‘for jobber’ or 'for broker’
C 'for cash' or 'for account
D ‘for cash’ or‘ for credit’
E ‘for bull’ or ‘ for bear’

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Question 53:

Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?

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A Carriage paid (Cge. Pd.)
B Cost on delivery (C.O.D.)
C Ex-ship
D Free on board (F.O.B.)
E Free on rail (F.O.R.)

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Question 54:

What is the rate of turnover of Amura Ajita’s business?

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A 5
B 5.3
C 5.4
D 5.7
E 6

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Question 55:

What is an aim of a trade association?

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A Protection of members’ interests
B Watching government legislation which may affect members interests
C Encouraging the introduction of standard grades and sizes of goods
D Making arrangements for the settlement of disputes
E Exchanging information and creating uniformity in methods of dealing

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