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 is a non-indemnity insurance?
Personal Accident Insurance
Burglary Insurance
Fire Insurance
Consequential loss Insurance
Third Party Insurance
Correct answer is A
No explanation has been provided for this answer.
The law governing the operations of companies and partnership in Nigeria is the
Nigerian Companies Decree
Nigerian Partnership Act
Nigerian Enterprises Promotion Decree
Companies And Allied Matters Decree
Sale of Goods Act
Correct answer is D
No explanation has been provided for this answer.
Which of the following is drawn up as a guide to the running of a Partnership?
Deed of Agreement
Partnership Act
Memorandum of Association
Prospectus
Articles of Association
Correct answer is A
No explanation has been provided for this answer.
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
The Nigerian Capital Market Association
The Securities and Exchange Commmission
The Nigerian Deposit Insurance Commission
The Nigerian Reinsurance Corporation
The Central Bank of Nigeria
Correct answer is B
No explanation has been provided for this answer.
Goods in bonded warehouses are under the strict supervision of the
Customs Authority
Ports Authority
Importer
Clearing agent
Exporter
Correct answer is A
No explanation has been provided for this answer.