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Commerce Past Questions and Answers

Post Utme Commerce Questions

Question 16:
The sale- of foreign investment and gold reserve can be used to ____________
  • A Correct a budget deficit
  • B Increase invisible imports
  • C Correct adverse balance of payments
  • D Correct adverse balance of trade
View Answer & Explanation
Question 17:
The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves ____________
  • A Distribution of instruction posters
  • B Face - to face communication with customers
  • C Premium programming for customers
  • D Publishing promotional booklets
View Answer & Explanation
Question 18:
Commercialization of government corporations brings about an increase in the level of ____________
  • A Money supply in the economy
  • B Distrust among business operators
  • C Competition among business operators
  • D Social responsibility
View Answer & Explanation
Question 19:
In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as ____________
  • A Countertrade
  • B Balance of trade
  • C Balance of payments
  • D Terms of trade
View Answer & Explanation
Question 20:
Which of the following arrangements for the conveyance of goods abroad?
  • A Ports Authority
  • B Customs and Excise Authority
  • C Airport Authority
  • D Export Promotion Council
View Answer & Explanation