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.
Bill of exchange
Certificate of origin
Consumers invoice
Bill of sight
Correct answer is D
Bill of sight refers to a declaration made to customs officer by an importer who is unsure about what is being shipped. While the Bill of Lading is used to prove the ownership of the goods, the bill of sight can be presented when the bill of lading is unavailable at the point of clearance.
Advice note
Statement
Invoice
Credit note
Correct answer is C
No explanation has been provided for this answer.
To sell a bill at less that the face value before its maturity is?
discounting
retiring
accepting
noting
Correct answer is A
No explanation has been provided for this answer.
exchange of goods between two countries
exchange of goods among many countries
exporting goods to be re - imported
importing goods to be re-exported
Correct answer is D
No explanation has been provided for this answer.
Which of the following requires services of middlemen?
Technical goods
Expensive goods
Convenience goods
Perishable goods
Correct answer is C
No explanation has been provided for this answer.