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 true of rail transport?
Suitable for perishable goods
Cheaper over long distances
it does not require trans-shipment of goods
has no fixed route
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a function of money?
Double coincidence of wants
Medium of exchange
Measure of value
Store of wealth
Correct answer is A
No explanation has been provided for this answer.
Which of the following terms is used in marine insurance when the cargo suffers partial loss?
General Average
Particular Average
Floating Policy
Open Cover
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a principle of insurance
indemnity
insurable risk
Subrogation
Insurable interest
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not provided by the post office?
Recorded delivery service
Business reply service
Express delivery service
After sales service
Correct answer is A
No explanation has been provided for this answer.