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 act of keeping products in good condition until they are needed is?
Insurance
warehousing
communication
advertising
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a means of payment in foreign trade?
Telegraphic transfer
Cheque
Letter of credit
Bill of exchange
Correct answer is A
No explanation has been provided for this answer.
Which of the following means restoring the issue to position he was just before the loss occurred
Indemnity
Subrogation
Proximate cause
Utmost good faith
Correct answer is A
No explanation has been provided for this answer.
The expert who calculates premium for an insurance policy is?
an underwriter
an actuary
a broker
an assessor
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an objective of ECOWAS?
Expansion of trade
Encouraging free movement of persons within member states
Improvement of infrastructural facilities
Promoting a common language
Correct answer is D
No explanation has been provided for this answer.