Post Utme Commerce Past Questions and Answers

Question 6:

Bank overdraft as a short term source of fund is ____________

A. An overdrawn account
B. Granted to a newly opened account
C. Repayable after more than a year
D. A current liability

Question 7:

Which of the following is an example of intangible asset?

A. Trade debtors
B. Stock of goods
C. Trade creditors
D. Motor vehicles.

Question 8:

Which of the following is not a function of commerce?

A. Advertising goods
B. Increasing profit made
C. Creation of goods
D. Distribution of goods

Question 9:

Paper money originated in form of receipts is given by ____________

A. Traders
B. Goldsmiths
C. Money lenders
D. Thrift Societies

Question 10:

Which of the following does not determine the form of a business unit?

A. Capital availability
B. Ownership
C. Nearness to market
D. Nature of Business