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.
Which of the following is an example of large-scale retailing?
Hawking
Mobile shops
Kiosks
Department stores
Correct answer is D
Large-Scale Retailers
The relationship between all imports and exports of a country is known as
terms of trade
balance of trade
balance of payment
terms of payment
Correct answer is B
Balance of trade is the difference in value between a country's imports and exports.
F.O.R
C.I.F
F.A.S
Loco
Correct answer is C
"Free Alongside Ship" means that the seller fulfils his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment.
An issuing house is an outlet for
new shares and bonds
non-listed companies shares
existing shares and bonds
only gilt-edged securities
Correct answer is C
Issuing house. a financial institution that arranges and underwrites the issue of new STOCKS and SHARES on behalf of corporate clients on the STOCK EXCHANGE.
The development of trade in West Africa was aided by the
emergence of traditional rulers
arrival of the Portuguese
Introduction of tax payment
introduction of money
Correct answer is B
Portuguese expansion into Africa began with the desire of King John I to gain access to the gold-producing areas of West Africa. The trans-Saharan trade routes between Songhay and the North African traders provided Europe with gold coins used to trade spices, silks and other luxuries from India