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.
An establishment that specializes in taking care of risks is called?
a hire-purchase company
an accepting house
an insurance company
a finance company
a confirming house
Correct answer is C
No explanation has been provided for this answer.
a chamber of commerce
a customs union
an amalgamation
a cartel
a combination
Correct answer is D
No explanation has been provided for this answer.
The most acceptance and convenient means of payment in foreign trade is?
letter of credit
bank-draft
telegraphic money order
promissory note
bill of exchange
Correct answer is A
No explanation has been provided for this answer.
cheque number
cashier's signature
payee's name
drawer's name
date of issue
Correct answer is B
No explanation has been provided for this answer.
Which of the following relies on the government for its initial capital?
Co-operative Society
Private Limited Company
Public Corporation
Public Limited Company
Credit and Thrift Society
Correct answer is C
No explanation has been provided for this answer.