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 functions of the wholesaler helps to stabilize prices
Financing
Advice to retailers
Provision of credit
Advertising
Warehousing
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not a source of capital to a partnership?
Buying on credit
Ploughed back profit
Borrowing
Shares
Personal savings
Correct answer is D
No explanation has been provided for this answer.
An overdraft can only be granted to the holder of a
fixed deposit
savings deposit
loan account
current account
deposit account
Correct answer is D
No explanation has been provided for this answer.
Commerce developed as a result of
speculation
competition
specialization
importation
exportation
Correct answer is C
No explanation has been provided for this answer.
Which of the following is the clearing house for all the banks in the country?
The Federal Mortgage Bank of Nigeria
The Nigerian Industrial Development Bank
The Central Bank of Nigeria
The Nigerian Bank for Commerce and Industry
The National Bank of Nigeria
Correct answer is C
No explanation has been provided for this answer.