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.

2,341.

The law which stipulate that labels should give an accurate account of a product is the?

A.

price control act

B.

consumer credit act

C.

trade description act

D.

hire purchase act

E.

product standard act

Correct answer is C

No explanation has been provided for this answer.

2,342.

One of the objectives of the indigenisation programme of the Federal Government of Nigeria is to?

A.

encourage the use of local raw materials

B.

expel all foreigners from Nigeria

C.

make Nigeria businessmen very rich

D.

maximize local retention of profits

E.

promote foreign trade

Correct answer is D

No explanation has been provided for this answer.

2,343.

Which of the following is the safest means of sending a postal order from Lagos to a friend in Jos?

A.

Special delivery

B.

Recorded delivery

C.

Registered letters

D.

First class mail

E.

Express letter

Correct answer is B

No explanation has been provided for this answer.

2,344.

Which of the following is the quickest and accurate means of communication?

A.

Telegram

B.

Express mail

C.

Courier services

D.

Telex

E.

Railex

Correct answer is D

No explanation has been provided for this answer.

2,345.

Which of the following is the most suitable means of transporting bulky goods from Lagos to Kaduna? By

A.

Train

B.

Aeroplane

C.

Ship

D.

Lorry

E.

Caravan

Correct answer is A

No explanation has been provided for this answer.