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.
When the balance of trade is unfavourable which of the following conditions prevails?
Exports exceed imports
Imports exceed exports
Customs duty is high
lnvisible exports exceed visible imports
The value money falls
Correct answer is B
No explanation has been provided for this answer.
Which of the following is a declaration by the captain of a ship as to the cargo on board?
Bill of ladlng
Mates receipt
Ships manifest
Bill of sight
Dock warrant
Correct answer is C
No explanation has been provided for this answer.
Are fund usually granted for goods imported and later re-exported is called?
commission
discount
customs drawback
dock due
demurrage
Correct answer is C
No explanation has been provided for this answer.
The best method of making payment to an overseas supplier is by
bankdraft
bill of exchange
travellers cheque
letter of credit
certified cheque
Correct answer is D
No explanation has been provided for this answer.
Certificate of origin
Open-indent
Bill of Lading
Ships manifest
Bill of entry
Correct answer is C
No explanation has been provided for this answer.