Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Which of the following belongs to the capital market?
Commercial bank
Stock exchange
Ministry of Finance
Chamber of Commerce
Discount House
Correct answer is B
No explanation has been provided for this answer.
organizsing
planning
communicating
directing
coordinating
Correct answer is C
No explanation has been provided for this answer.
Who among the following is not involved in foreign trade?
Factor
Dei Credere Agent
Wholesale Merchant
Jobber
Forwarding Agent
Correct answer is D
No explanation has been provided for this answer.
The rebate given to the retailer by the wholesaler to enable him make profit is known as?
trade discount
cash discount
credit guarantee
commission
mark-up
Correct answer is A
No explanation has been provided for this answer.
A cheque that is drawn on a bank is called?
certified cheque
bankdraft
bank note
order cheque
bearer cheque
Correct answer is B
No explanation has been provided for this answer.