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.
"Net 3 months" on an invoice means the buyer will
pay interest after 3 months
gets discount if he pays within 3 months
pay full invoice amount after 3 months
have discount if he pays after 3 months
Correct answer is B
No explanation has been provided for this answer.
Which of the following is engaged in commercial occupation?
a brick layer
an engineer
an insurance broker
a barber
Correct answer is C
No explanation has been provided for this answer.
In a hire purchase contract, the customer becomes the legal owner of the goods by
paying the last installment
paying the first installment
taking possession of the goods
paying half the purchase price
Correct answer is A
No explanation has been provided for this answer.
Shares, bonds, stocks and debentures traded on the stock exchange are collectively called
collaterals
commodities
resources
securities
Correct answer is D
No explanation has been provided for this answer.
A price quotation which includes all the expenses involved in loading the goods into a ship is
Free on Board (FOB)
Free Alongside Ship (FAS)
Cost, Insurance, Freight (C.I.F)
ex-ship
Correct answer is A
No explanation has been provided for this answer.