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Commerce Past Questions


Question 666:


A type of credit offered by both commercial and merchant banks in Nigeria is?

A. Trade credit
B. Line of credit
C. Discounting facility
D. Overdraft


Question 667:


A major function of a chamber of commerce is?

A. Increaseing productivity
B. Promoting both home and foreign trade
C. Promoting trade in a particular line
D. Maximizing profit


Question 668:


Which of the middlemen in the channel of distribution has tittle to the goods he distributes?

A. The merchant wholesaler
B. The agent
C. The limited wholersaler
D. The retailer


Question 669:


Which of the following confirms the accuracy of the duty charged on imported goods?

A. An indent
B. Consular invoice
C. Consignment note
D. Shipping note


Question 670:


The association that comprises all types of businesses is referred to as?

A. Chamber of commerce
B. Trust
C. Trade association
D. Cartel






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