Commerce Past Questions and Answers

If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in

A Multi-lateral trade
B Counter trade
C Barter trade
D Entrepot trade

Question 1732:

Manufacturers may sell goods directly to consumers where goods are i. made to customer's specification ii. advertised by the manufacturer iii. perishable iv. highly technical v. widely demanded

A I,iii and iv only
B I and iii only
C Iii,iv and v only
D Iii and iv only

Question 1733:

Which of the following is a means of payment?

A I.O.U
B Postal order
C Promissory note
D C.I.F

Question 1734:

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

A Invisible imports
B Invisible exports
C Visible imports
D Vivible exports

Question 1735:

The main divisions of production are

A Industry, direct and indirect services
B Extraction, manufacturing and construction
C Industry, commerce and direct services
D Industry, commerce and trading