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.
A trade in which many countries exchange goods and services is called?
bilateral trade
entrepot trade
economic union
multilateral trade
counter trade
Correct answer is D
No explanation has been provided for this answer.
LOCO
F.O. R
F.A.S
C.I.F
C.F
Correct answer is A
No explanation has been provided for this answer.
Which of the following is classified as invisible item in_the balance of payments?
Export of goods
import of machinery
1 Gifts
Sale of assets
Salaries of expatriates
Correct answer is E
No explanation has been provided for this answer.
allowance paid to a supplier
extra allowance paid for guaranteeing recovery of debts
allowance paid to all commission agents
allowance paid bythe agent
allowances to ensure delivery of goods by commission agent
Correct answer is B
No explanation has been provided for this answer.
Goods are usually classified into?
saleable and nonisaleable good
inferior and superior goods
luxurious and essential goods
producer and consumer goods
home made and foreign made goods
Correct answer is D
No explanation has been provided for this answer.