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.

211.

A computer accessory through which information can be retrieved is the

A.

hard disk

B.

input device

C.

control unit

D.

floppy disk

Correct answer is D

floppy disk; a flexible removable magnetic disk (typically encased in a hard plastic shell) for storing data.

212.

Dealing in quoted securities on the Nigerian Stock Exchange is restricted to authorized

A.

companies

B.

brokers

C.

investors

D.

principals

Correct answer is B

 A quoted security is a marketable security in a class of marketable securities listed for quotation on a stock market of a securities exchange. Itn the NSE it is stock brokers that deal on such securities.

213.
214.

From the diagram above, what does I stand for?

A.

Aids to trade

B.

Publicity

C.

Home trade

D.

Advertising

Correct answer is A

No explanation has been provided for this answer.

215.

Resources obtained from the extractive sector that are transformed into finished products are examples of

A.

primary production

B.

tertiary production

C.

direct production

D.

secondary production.

Correct answer is A

primary production; the production of raw materials for industry.