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 document an importer requires to be able to clear his goods from the harbour is
bill of exchange
bill of lading
bill of sale
invoice from the shopper
marine insurance
Correct answer is B
No explanation has been provided for this answer.
Association of people in the same line of business is known as
chambers of commerce
holding company
monopolistic association
producers association
trade association
Correct answer is E
No explanation has been provided for this answer.
Bonded warehouse is controlled and supervised by
customs
immigration
navy
police
quarantine
Correct answer is A
No explanation has been provided for this answer.
Tariff can be defined as a compulsory levy on
foreign exchange earnings
foreigners working in Nigeria
imported goods only
import and export
substitutes and inferior goods
Correct answer is C
No explanation has been provided for this answer.
consideration
entitlement
fees
money
offer
Correct answer is C
No explanation has been provided for this answer.