Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

2,101.

Which of the following is not a member country of the Lake Chad Basin Commission?

A.

Chad

B.

Togo

C.

Cameroun

D.

Niger

E.

Nigeria

Correct answer is B

No explanation has been provided for this answer.

2,102.

The sole aim of of the formation of Niger Basin Commission is to?

A.

bring about trade liberalization in the region

B.

ensure free movement of citizens in the region

C.

allow free flow of information, goods and services within the region

D.

jointly use the Niger for the over all benefit of the region

E.

remove import duties or taxes on gods circulated within the region

Correct answer is D

No explanation has been provided for this answer.

2,103.

One of the objectives of the indigenization programmes of the Federal Government of Nigeria is to?

A.

encouraging the use of local raw materials

B.

maximizing local retention of profits

C.

make Nigeria businessmen very rich

D.

expel the foreigners from Nigeria

E.

promote foreign trade

Correct answer is B

No explanation has been provided for this answer.

2,104.

The process whereby a business organization regularly compares physical events with the standards set and takes corrective action is?

A.

coordinating

B.

organizing

C.

planning

D.

controlling

E.

motivating

Correct answer is D

No explanation has been provided for this answer.

2,105.

Which of the following association will be directly affected by legislations on tariffs and taxes on raw materials? The

A.

Nigeria Bar Association

B.

Nigeria employers' Consultative Association

C.

Nigera Medical Association

D.

Manufacturers Association of Nigeria

E.

Nigeria Union of Road Transport Workers

Correct answer is D

No explanation has been provided for this answer.