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.
Retail outlets which sell from specialised vans are
supermarkets
multiple shops
mail orderfirms
department stores
mobile shops
Correct answer is E
No explanation has been provided for this answer.
A group of trims that produce similar goods or sen/ices is called?
an industry
a trade association
a cartel
a holding company
an amalgam
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not performed by the shipping and forwarding agents?
Reservation ofshipping space
Collection of payment from the importer
Collection of goods from the factory
Preparation of the bill of lading
Arrangementfor marine insurance
Correct answer is B
No explanation has been provided for this answer.
The rate at which one country”s products are exchanged for the products of another is?
balance of trade
balance on current account
terms of trade
balance of payments
foreign exchange
Correct answer is B
No explanation has been provided for this answer.
The agreed amount payable to a policy holder when the event insured against occurs is?
surrender value
sum assured
indemnity
insurable interest
endowment
Correct answer is B
No explanation has been provided for this answer.