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.
The main advantage of sea transport over air transport is
capacity
speed
safety
patronage
Correct answer is A
No explanation has been provided for this answer.
Which of the following proves that important documents have reached their destination?
business reply services
telegram services
recorded delivery services
express delivery services
Correct answer is D
No explanation has been provided for this answer.
issuing of currency
lender of last resort
baker's bank
banker to the government
Correct answer is B
No explanation has been provided for this answer.
The insurance policy which covers damages to the body of a ship is
marine insurance
cargo insurance
ship liability insurance
hull insurance
Correct answer is D
No explanation has been provided for this answer.
The liquid assets of commercial banks are
treasury bills, bills of exchange and cash
cash, current account and other money-bearing assets
deposit accounts and cash
cash only
Correct answer is C
No explanation has been provided for this answer.