Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

606.

When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called

A.

carriage

B.

carriage paid

C.

cash on delivery

D.

franco

E.

loco price

Correct answer is B

No explanation has been provided for this answer.

607.

The relationship between a country’s visible imports and exports in a trading year is known as

A.

balance of payment

B.

balance of trade

C.

counter trade

D.

international trade

E.

terms of trade

Correct answer is B

No explanation has been provided for this answer.

608.

Prospectus in relation to a public limited inability company means

A.

a document for allocation of shares to the public

B.

a document stating the types or shares

C.

a document where the names of shareholders are written

D.

an invitation to the public to buy shares

E.

an invitation to the public to collect dividends

Correct answer is D

No explanation has been provided for this answer.

609.

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

A.

brokerage

B.

commission

C.

contango

D.

interest

E.

jobbers turn

Correct answer is E

No explanation has been provided for this answer.

610.

Banks issue cheque books to customers holding ......... accounts.

A.

current

B.

deposit

C.

fixed deposit

D.

foreign

E.

savings

Correct answer is A

No explanation has been provided for this answer.