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 primary objective of insurance is to
prevent accidents
meet uncertainties in future
give loan to business men
ontrol the flow of cash
Correct answer is C
No explanation has been provided for this answer.
A bill of exchange is made up more negotiable if it has been
endorsed
accepted
honoured instantly
given special crossing
Correct answer is B
No explanation has been provided for this answer.
A bill of exchange is made more negotiable if it has been
endorsed
accepted
honoured instantly
given special crossing
Correct answer is B
No explanation has been provided for this answer.
C % F as a price quotation in foreign trade means that the buyer
is responsible for clearing and forwarding the goods
has to pay for cost and freight
pays for both the freight and insurance
pays for insurance only
Correct answer is B
No explanation has been provided for this answer.
Which of the following abbreviations permits the seller to correct any error in an invoice?
F.O.R
C.I.F
C.E % O.E
I.O.U
Correct answer is B
No explanation has been provided for this answer.