Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,521.

An association of employees in an organization is called a

A.

trade union

B.

trade association

C.

consumer association

D.

credit union

E.

co-operative society

Correct answer is A

No explanation has been provided for this answer.

1,522.

A nation's earnings from tourism are classified as

A.

visible exports

B.

invisible exports

C.

visible imports

D.

invisible imports

E.

entrepot trade items

Correct answer is B

No explanation has been provided for this answer.

1,523.

Contracts for the carriage of goods by sea are generally called

A.

charter by demise

B.

charter parties

C.

voyage charters

D.

time charter

E.

marine policy

Correct answer is D

No explanation has been provided for this answer.

1,524.

Another name for sea taxi is

A.

tramp

B.

linerspecial frieghter

C.

voyage charter

D.

flying boat

Correct answer is A

No explanation has been provided for this answer.

1,525.

Which of the following is primarily established to promote the growth of industry in Nigeria?

A.

NITEL

B.

UBA

C.

NIPOST

D.

NIDB

E.

UAC

Correct answer is D

No explanation has been provided for this answer.