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.
RRF as a scheme introduced by the central bank of Nigeria means
recording and Rediscounting Facility
refinancing and Recording Facility
refinancing and Rediscounting Facility
refinancing and Reinvesting Facility
Correct answer is D
No explanation has been provided for this answer.
Most foreign trade transaction are paid for through the use of
central bank cheques
bank drafts drawn by commercial banks on their foreign branches
irrevocable and confirmed letters of credit
letters of credit authenticated by the embassies of the respective countries
Correct answer is C
No explanation has been provided for this answer.
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
customs draw back
export royalty
incentive
export rebate
Correct answer is A
No explanation has been provided for this answer.
In the channel of distribution, which of the following sets is entirely made up of middlemen?
Wholesalers, retailers and agents
Manufacturers, consumers and retailers
Wholesalers, agents and consumers
Retailers, manufacturers and wholesalers
Correct answer is A
No explanation has been provided for this answer.
N 155 000
N 95 000
N 50 000
N 30 000
Correct answer is B
No explanation has been provided for this answer.