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.
Who among the following is NOT a middleman?
a retailer
broker
factor
consumer
wholesaler
Correct answer is D
No explanation has been provided for this answer.
Terms of payments are quoted on the?
order form
a device note
credit note
debit note
invoice
Correct answer is E
No explanation has been provided for this answer.
Which of the following was the chief means of transport during the Tran-Saharan Trade?
Motor lorries
Horses
Camels
Aeroplanes
Barges
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a reason for imposing custom duty? The need to
raise revenue
protect home industry
prevent dumping
decrease the volume of world trade
retaliate
Correct answer is D
No explanation has been provided for this answer.
Which of the following requires acceptance bythe editor to make it valuable?
Postal order
Cheque
Promissory note
Bill of exchange
Bill of lading
Correct answer is D
No explanation has been provided for this answer.