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.
Balance of trade is said to be favourable when
visible imports exceed visible imports
invisible exports exceed visible imports
invisible imports exceed visible exports
visible exports exceed visible imports
visible exports exceed invinsible imports
Correct answer is D
No explanation has been provided for this answer.
One way of importing goods without the use of foreign exchange is through
exchange controls
entrepot trade
quota
tarriffs
counter trade
Correct answer is E
No explanation has been provided for this answer.
Nigerian Ports Plc
Shipping and Clearing Agents
Federal Airports Authority of Nigeria
Customs and Excise Authority
Nigerian Exports Promotion Council
Correct answer is E
No explanation has been provided for this answer.
A partner who contributes to the capital but does not take part in running the business is known as
a sleeping partner
an active partner
a general partner
a nominal partner
a limited partner
Correct answer is A
No explanation has been provided for this answer.
Which of the following guides the operations of a Partnership?
Memorandum of Association
Articles of Association
Certificate of trading
Certificate of Incorporation
The Deed
Correct answer is E
No explanation has been provided for this answer.