FREE UPDATES: ADS
AD: ADS
ONLINE CAFE: ADS
Commerce Past Questions
Charges paid by a ship for staying at a port beyond agreed sailing time is called
- A. profit
- B. interest
- C. holding
- D. demurrage
- E. demurrage
Petrol voucher is an example of a
- A. bank draft.
- B. legal tender.
- C. token money
- D. partial money.
- E. partial money.
Which of the following is NOT a means of payment through the post office?
- A. Giro system
- B. Money order
- C. Postage stamp
- D. Standing order
- E. Standing order
In which of the following will be number of words used determine the cost of the message sent?
- A. telephone
- B. telegram
- C. e-mail
- D. telex
- E. telex
Given: N
Opening stock 1,800
Purchases 2, 800
Sales 8,000
Closing stock 350
Carriage on sales 500
Calculate the value of the unused stock.
- A. N 800
- B. N500
- C. N350
- D. N320
- E. N320
The members of ECOWAS include
- A. Nigeria, Chad, Gabon and Cape Verde
- B. Burkina Faso, Nigeria, Niger and Mauritania
- C. Guinea, Mali, Cameroon and Nigeria
- D. Togo, Niger, Nigeria and Ghana.
- E. Togo, Niger, Nigeria and Ghana.
One of the main objectives of the Second- tier Securities Market in Nigeria is to
- A. achieve a realistic exchange rate for the naira
- B. eliminate currency dealings in the black market
- C. assist companies to raise capital
- D. attract investment flow.
- E. attract investment flow.
The direct contact of a seller with potential buyers with a view to making sales is called
- A. advertising
- B. personal selling
- C. public relations
- D. publicity
- E. publicity
An advantage of the Second-Tier Securities Market to an economy is in
- A. creating avenues for investment
- B. regulating competition amongst companies
- C. granting financial assistance to consumers
- D. increasing companies profit margins-.
- E. increasing companies profit margins-.
Which of the following services is not rendered by commercial banks?
- A. Business advice
- B. Currency notes issue
- C. Accepting deposits
- D. Credit transfer
- E. Credit transfer