Commerce Past Questions And Answers
1631
The collection of tariffs on imported goods is the function of
- A. Ports Authority
- B. Customs and Excise Authority
- C. Clearing and Forwarding Agents
- D. Export Promotion Council
1632
The problem of double coincidence of wants is that
- A. it is hard to determine the exchange rate of goods
- B. it does not encourage purchase of large quantities and varieties
- C. deferred payment is not possible because goods exchange are not durable
- D. one has to find someone who wants his surplus and also has what he needs
1633
The media used for inter-department communication includes
- A) circulars, notice boards and departments
- B) memoranda, advertising and face-to-face
- C) memoranda, advertising and telephone
- D) memoranda, circulars and telephone
1634
when a company sells shares to existing shareholders at preferential rate, this is
- A. a right issue
- B. bonus issue
- C. private placing
- D. issue by introduction
1635
One of the functions of a trade association is to
- A. pay members salaries
- B. promote members' welfare
- C. provide loans to members
- D. provide employment for members
1636
The process of buying and selling and distribution of goods and services is ______
- A. retail trade
- B. commerce
- C. marketing concept
- D. marketing
1637
The target of all marketing activities is the
- A. consumer
- B. middleman
- C. producer
- D. distributor
1638
The difference between a private and public limited liability company is that the former?
- A. is unable to offer shares to the public
- B. is unable to declare and pay dividend
- C. has a higher number of shareholders
- D. pays higher salaries to its managers
1639
A crossed cheque with the inscription 'not negotiable' must be paid into the?
- A. current account of the drawer
- B. current account of the payee
- C. savings account of the payee
- D. fixed account of the payee
1640
equity interest in a company is represented by?
- A. preference shares
- B. dividend
- C. debenture
- D. ordinary shares

