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.
One of the determinants of choice of occupation is ______
level of exposure
resources control
government policies
peer group
Correct answer is D
No explanation has been provided for this answer.
The stock exchange is a market where _______
long-term securities are sold
all types of securities are sold
short-term securities are sold
medium term securities are sold
Correct answer is B
This is where securities are bought and sold.
Stroke
Consumerism
Picketing
Demonstration
Correct answer is B
Consumerism is defined as an organised efforts by individuals, groups and government to help protect consumers from policies that infringes consumers' right to fair business right.
The differences between the central bank and commercial bank is that the former ______
discount treasury bills
give loans to the public
saves valuable of individual
serves as lender of last resort
Correct answer is D
Options A, B,C are duties carried out by the commercial banks. Central bank is the apex bank. They offer loans to banks or other eligible institutions that are experiencing financial difficulties and have no other means of borrowing and fails to obtain credit.
The process of buying and selling and distribution of goods and services is ______
retail trade
commerce
marketing concept
marketing
Correct answer is B
It is the study of production, distribution and exchange of goods and services aimed at satisfying human wants.