Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

3,111.

The person who undertakes any risk in insurance business is known as

A.

a broker

B.

an underwriter

C.

C.

D.

an actuary

Correct answer is B

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3,112.

The mode of transportation that is noted for on time dependability and low cost peer unit on gods carried is?

A.

pipe line

B.

air

C.

rail

D.

road

Correct answer is B

No explanation has been provided for this answer.

3,113.

An example of indirect service is rendered by

A.

civil servants

B.

family doctors

C.

household servant

D.

entertainers

Correct answer is A

No explanation has been provided for this answer.

3,114.

Transport, retailing and wholesaling industries rely heavily on

A.

banking

B.

insurance

C.

manufacturing

D.

railway

Correct answer is C

No explanation has been provided for this answer.

3,115.

A royal charter was granted to the Royal Niger Company to do business in Nigeria in

A.

December 1888

B.

May 1887

C.

July 1886

D.

August 1885

Correct answer is C

No explanation has been provided for this answer.