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 arranges for the conveyance of goods abroad
Ports Authority
Customs and Excise Authority
Airports Authority
Export Promotion Council
Correct answer is D
No explanation has been provided for this answer.
Which of the following retail outlets is described as selling without shops
Multiple stoes
Supermarket
Mail order business
Department stores
Correct answer is C
No explanation has been provided for this answer.
Commercial banks usually settle their interbank indebtedness through the
money market
clearing house
discount house
stock exchange
Correct answer is B
No explanation has been provided for this answer.
The term "utmost good faith" in insurance requires that the insured must
make profit from any loss suffered
receive his compensation fully in the event of loss
disclose all relevant facts on what is being insured
pay his premium regularly
Correct answer is C
No explanation has been provided for this answer.
Which of the following is the main purpose of a third party insurance? To
indemnify an injured outsider
indemnify the insured
protect the vehicle against theft
compensate the driver for injuries sustained
Correct answer is D
No explanation has been provided for this answer.