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 an aim of a trade association?
protection of members’ interests
watching government legislation which may affect members interests
encouraging the introduction of standard grades and sizes of goods
making arrangements for the settlement of disputes
exchanging information and creating uniformity in methods of dealing
Correct answer is A
No explanation has been provided for this answer.
carriage paid (Cge. Pd.)
cost on delivery (C.O.D.)
ex-ship
free on board (F.O.B.)
free on rail (F.O.R.)
Correct answer is D
No explanation has been provided for this answer.
Dealing on the Stock Exchange may be either
‘for cash or ‘for hire’
‘for jobber’ or 'for broker’
'for cash' or 'for account
‘for cash’ or‘ for credit’
‘for bull’ or ‘ for bear’
Correct answer is D
No explanation has been provided for this answer.
What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?
banker's bank
bank rate
cash /liquidity ratio
funding operations
open market operations
Correct answer is D
No explanation has been provided for this answer.
What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?
co-operating with the appropriate agencies to bring about effective price control
educating the consumers on drug abuse
encouraging consumers to eat a more sensible and balanced diet and avoid fatty foods
requiring drug manufacturers to provide printed prescription for certain drugs
requiring drug manufacturers to test the safety and effectiveness of drugs before marketing
Correct answer is A
No explanation has been provided for this answer.