Commerce Past Questions and Answers

(a) State five problems of barter system of trading
(b) Explain five ways in which the introduction of money has solved the problems stated in 3 (a) above.

Explain each of the following insurance concepts
(a) non indemnity insurance
(b) Group insurance
(c) Re-insurance
(d) Under insurance
(e) Consequential loss insurance.

(a) What is packaging
(b) State three disadvantages of packaging
(c) State five reasons for the packaging of products by Manufacturers.

(a) Define a contract of sale
(b) Outline six items that must be contained in a contract sale.

(a) What is a stock exchange market.
(b) Explain six functions of the stock exchange market