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 process of buying and selling and distribution of goods and services is ______
retail trade
commerce
marketing concept
marketing
Correct answer is B
It is the study of production, distribution and exchange of goods and services aimed at satisfying human wants.
hire purchase
mutual understanding
credit sale
leasing
Correct answer is C
This is the transfer of goods and services from seller to a buyer without any value being given immediately in return
A major merit of the retaining middlemen is to _______
pay cash to the bank: for manufacturers
stock perishable goods
regulate price for manufacturers
stock goods produced by different manufacturer
Correct answer is D
No explanation has been provided for this answer.
An example of extractive occupation is ______
mining
teaching
banking
driving
Correct answer is A
All the options are classification of production.
It involves people whose activities are directed to the process of bringing out natural resources from the soil and sea.
Another name or term for a dishonoured cheque is ______
an order cheque
a bounced cheque
a bearer cheque
an open cheque
Correct answer is B
A cheque is said to be bounced if the cheque is being rejected or dishonoured by the bank. Another name for dishonoured cheque is a bounced cheque