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.
The most important difference between community banks and peoples’ bank is that the?
latter is owned solely by government while the former are not
former cater for ruler dwellers while the latter cater for both rural and urban dwellers
former are service oriented while the latter are profit oriented
latter advances loans to the public while former advance loans to the rural dwellers only.
Correct answer is A
No explanation has been provided for this answer.
Only half of the loss suffered
double the value of the losses suffered
the total sum of the premium paid prior to the loss
damage claims equal to the loss suffered.
Correct answer is D
No explanation has been provided for this answer.
the two main categories under which marine losses fall into are?
particular loss and average loss
actual loss and average loss
total loss and partial loss
voyage policy loss and time policy loss
Correct answer is C
No explanation has been provided for this answer.
stock releases form
goods received note
stock issues voucher
materials release note
Correct answer is C
No explanation has been provided for this answer.
When a price is quoted at F.O.B. it means that the price?
excludes loading charges incurred in bringing the goods to port of destinction
exclude all necessary shipping charges payable for insurrance
includes all charges payable on shipping a consignment to the port destination
includes charges payable for for loading goods onto the ship
Correct answer is C
No explanation has been provided for this answer.