Post Utme Commerce Questions
Question 136:
Export trade involves:
- A Selling goods abroad
- B Movement of goods locally
- C Buying foreign goods
- D Transportation within a country
Question 137:
A traders’ union formed by rice dealers within a market is mainly a:
- A Consumer protection agency
- B Industrial arbitration panel
- C Trade association organization
- D Chamber of commerce body
Question 138:
Balance of trade refers to:
- A Exchange of invisible services
- B Ratio of foreign receipts to payments
- C Record of all international transactions
- D Comparison between exports and imports of goods
Question 139:
One major benefit businesses gain from trade associations is:
- A Access to specialized industry information
- B Reduction of business opportunities
- C Prevention of technological growth
- D Elimination of market competition
Question 140:
One important role of trade associations during economic crises is:
- A Prevention of industrial solutions
- B Reduction of market awareness
- C Elimination of business cooperation
- D Collective protection of members