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.

2,761.

A type of credit offered by both commercial and merchant banks in Nigeria is?

A.

trade credit

B.

line of credit

C.

discounting facility

D.

overdraft

Correct answer is D

No explanation has been provided for this answer.

2,762.

A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?

A.

promissary note

B.

bankdraft

C.

banker's order

D.

travellers' cheque

Correct answer is C

No explanation has been provided for this answer.

2,763.

The necessary documents used in foreign trade are?

A.

bill of lading, invoice and letter of inqiry

B.

indent, bill of exchange, bill of lading and voice

C.

voice, shipping note, bill of lading and freight note

D.

shipping note, certificate of origin and visible exports

Correct answer is C

No explanation has been provided for this answer.

2,764.

The availability of goods and services is brought to the notice of customers through?

A.

personal selling

B.

public relations

C.

the telephone

D.

advertising

Correct answer is D

No explanation has been provided for this answer.

2,765.

An engineer in government employ is to be rendering?

A.

primary service

B.

tertiary service

C.

indirect service

D.

direct service

Correct answer is C

No explanation has been provided for this answer.