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.

2,911.

Given: i. Retail ii. Export iii Transport iv. Import V. Insurance Vi. Banking and finance Vii. Wholesale Viii Communication.

Which of the above is aid to trade?

A.

i, ii, iii and Viii

B.

iii, V, Vi and Viii

C.

i, ii, iii and Vi

D.

ii, V,Vi, and Vii

Correct answer is B

No explanation has been provided for this answer.

2,912.

The document issued by the seller which gives detail of the goods he sells is known as?

A.

catalogue

B.

tender

C.

price list

D.

invoice

Correct answer is D

No explanation has been provided for this answer.

2,913.

A bill of exchange already accepted can be discounted by the holder in?

A.

the central bank

B.

at least two banks

C.

his bank

D.

any bank

Correct answer is D

No explanation has been provided for this answer.

2,914.

A retail cooperative society aims at?

A.

hoarding manufactured goods

B.

cutting off the profit of the middlemen

C.

lending money to members at a low interest rates

D.

encouraging members to save money

Correct answer is B

No explanation has been provided for this answer.

2,915.

The Stock Exchange is a market where?

A.

long-term securities are sold

B.

all types of securities are sold

C.

short-term securities are sold

D.

medium-term securities are sold

Correct answer is B

No explanation has been provided for this answer.