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.
Which of the following are exclusively functions of marketing?
Buying, pricing, selling and promotion
Risk-bearing, storage, production and transporting
Organizing, risk-bearing, transporting and storage
Production, promotion, distribution and recruiting
Correct answer is A
No explanation has been provided for this answer.
The police and the army are engaged in
direct service occupation
indirect service occupation
industrial occupation
primary occupation
Correct answer is B
People in the indirect service occupation are involved in offering services that are not directly consumed by the consumers. They are not paid directly by the consumers but by the government from the public tax.
For instance; military personnel, civil servants, and law makers indirectly serve the public and are paid by the government by tax payers money.
Which of the following is not a function of the commercial bank?
Collection of deposit
Safe custody services
Issuing of currency
Agents of payment
Correct answer is C
Only the central bank is tasked with the responsibility of issuing currency in a country
One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to
settle interbank indebtedness
lend to poor countries
oversee the activities of banks abroad
encourage trade liberalization
Correct answer is B
The major responsibility of the International Bank for Reconstruction and Development(IBRD) otherwise known as the world is to lend financial aid to poor countries that are torn by war and insecurity for developmental purposes.
Who among the following has no voting right?
Preffered ordinary share holders
Ordinary shareholders
Deffered shareholders
Debenture holders
Correct answer is D
A debenture holder is someone or a company that has lent money to another person or company for the purpose of funding a business.
A debenture holder is paid interest in return for lending the company money to meet up their financial obligations. They do not have ownership rights in the affairs of the company hence cannot partake in the decision making process.