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.

2,721.

i. Wholesaler
ii. Fishing
iii. Canning
iv. Retailing
The sequence in which the occupational activities above are performed is?

A.

iii, ii, i and iv

B.

iii, i, iv and ii

C.

i, ii, iii and iv

D.

ii, iii, i and iv

Correct answer is D

No explanation has been provided for this answer.

2,722.

Capital to a business is technically?

A.

an expense

B.

availiability of local market

C.

an assets

D.

a porfit

Correct answer is C

No explanation has been provided for this answer.

2,723.

The factor which critically determines the choice of occupation is?

A.

training

B.

skill

C.

interest

D.

apititude

Correct answer is B

No explanation has been provided for this answer.

2,724.

The conversion of raw materials into finished products creates?

A.

form utility

B.

marginal utility

C.

place utility

D.

time utility

Correct answer is A

No explanation has been provided for this answer.

2,725.

A current account is beneficial to its holder as?

A.

cheques can be issued to anybody

B.

customers cannot withdraw frequently

C.

it is only the holder that can make withdrawals

D.

it allows customers the use of passbooks

Correct answer is A

Benefits of a Current Account

  • cheques can be issued to anybody
  • Allows for prompt business transactions.
  • No limit on withdrawals.
  • No limit on deposits in the home branch.
  • Enables businessmen to make direct payments using cheques, demand drafts, or pay orders.
  • Provides overdraft facility.
  • Provides internet banking and mobile banking facilities.