Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
What is NOT an instrument of credit?
bills of exchange
cheque
money order
postal order
source document
Correct answer is E
No explanation has been provided for this answer.
What is NOT a supplementary service of banks?
agents for payment
custody of valuables
dealing in foreign exchange
investments
referees
Correct answer is A
No explanation has been provided for this answer.
lf the price of a good falls and the demand for that good also fall, then that good is .......
a normal good
an inferior good
a supper good
an expensive good
none
Correct answer is E
No explanation has been provided for this answer.
What is NOT a lecture of a co-operative society?
banks easily lend money to them
it is a corporate body with a right to sue and be sued
members have to buy shares to form the initial capital
members have equal opportunity in the control of the society
there is no liability after shareholding is fully paid
Correct answer is B
No explanation has been provided for this answer.
The term ‘caveat emptor’ means ‘let the
account be settled’
buyer beware’
debtor be careful’
manufacturer beware'
seller beware'
Correct answer is B
No explanation has been provided for this answer.