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.
Commercial banks are referred to as departmental stores of banking because they
have many branches
have many customers
are found in the cities
offer many types of services
Correct answer is D
No explanation has been provided for this answer.
commercial banks can give loan to all customers
a central bank opens account for commercial banks
a customer uses cheque to pay serveral bills
a customer closes his account by writting cheque
Correct answer is D
No explanation has been provided for this answer.
excess charges
demurrage charges
permium charges
trade charges
Correct answer is B
No explanation has been provided for this answer.
The basic distinction between cash discount and trade discount is that while trade discount is
for a period of 30 days, cash discount is for a period of 3 months
given by a wholesaler, cash discount is given by a bank
a reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
a reduction in the value of sales, cash discount is a reduction in price of goods
Correct answer is D
No explanation has been provided for this answer.
A close indent is an instrument to an agent to
order goods from a particular manufacturer
order goods from any manufacturer
sell gods to any firm
sell goods to a certain firm
Correct answer is A
No explanation has been provided for this answer.