Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following is not a negotiable instrument?
Share cerficate
Cheque
Bill of Exchange
Dividend warrant
Debenture
Correct answer is E
No explanation has been provided for this answer.
Which of the following is not a branch of commerce?
Trade
Transport
Warehousing
Production
Banking
Correct answer is D
No explanation has been provided for this answer.
Which of the following indicates the manufacturer from whom goods are to be bought?
Open indent
Closed indent
Consignment note
Export invoice
Certificate of origin
Correct answer is B
No explanation has been provided for this answer.
Which of the following is responsible for carrying oiut the monetary policy of a country?
The Ministry of Finance
international Monetary Fund
Internal Revenue Board
The Central Bank
The World Bank
Correct answer is D
No explanation has been provided for this answer.
discourage the employment of specialists
encourage competition
discourage the use of each other’s bye-products
create a monopoly
decrease the size of the business
Correct answer is D
No explanation has been provided for this answer.