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.
Which of the following is primarily responsible for protecting against poor quality goods?
Nigerian National Supply Company
Manufacturers Association of Nigeria
Industrial Arbitration Panel
Standards Organization of Nigeria
Nigeria Chambers of Commerce
Correct answer is D
No explanation has been provided for this answer.
controlling
directing
organizing
planning
consulting
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a true characteristic of a Chamber of Commerce?
It is not for profit making
It is open only to political party members
It is democratically administered
It is a voluntary organization
It is independent of government control
Correct answer is B
No explanation has been provided for this answer.
Which of the following functions is performed by the stock exchange markets?
Provision for bulk purchase
Issuing of treasury bills
Provision of the purchase and sale of existing securities
Discounting bills of exchange
Providing for short-term investment
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a disadvantage of Hire Purchase to the consumer?
Its increases turnover
Temptation to buy more than one can pay for
It demands more capitals from the seller
Increased sales lower the seller's units cost
Correct answer is B
No explanation has been provided for this answer.