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.
Which of the following carries the bulk of goods involved in foreign trade?
Cargo planes
Cargo liners
Tramp vessels
Steam ship
Tankers
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an example of a commercial occupation?
Wrestling
Welding
Shipping
Brick laying
Tailoring
Correct answer is C
No explanation has been provided for this answer.
An establishment that specializes in taking care of risks is called?
a hire-purchase company
an accepting house
an insurance company
a finance company
a confirming house
Correct answer is C
No explanation has been provided for this answer.
a chamber of commerce
a customs union
an amalgamation
a cartel
a combination
Correct answer is D
No explanation has been provided for this answer.
The most acceptance and convenient means of payment in foreign trade is?
letter of credit
bank-draft
telegraphic money order
promissory note
bill of exchange
Correct answer is A
No explanation has been provided for this answer.