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 main objective of nationalization of industries is to
bring an Industry under state ownership and control
Make more profit for the government
prevent all aliens from taking part in the business activities of a country
prevent existing firms from liquidation
provide sources for additional capital for government
Correct answer is A
No explanation has been provided for this answer.
The breaking down of work into different processes is known as
division of labour
exchange
production
specialization
working party
Correct answer is A
No explanation has been provided for this answer.
A tax paid on goods manufactured and consumed in your country is called
consumer tax
custom duty
excise duty
goods tax
income tax
Correct answer is C
No explanation has been provided for this answer.
Which of the following is NOT regarded as a welfare service in an organization?
housing
medical facilities
recreational facilities
training
transportation
Correct answer is D
No explanation has been provided for this answer.
Which of the following is NOT part of Pre-Sales Service/ice?
assisting the prospective buyer to set up facilities for storage
dispatching of quotation and price list
granting of credit or hire purchase sales facilities
providing detailed information about goods to be purchased
provision of transportation and delivery services
Correct answer is E
No explanation has been provided for this answer.