Commerce Past Questions And Answers
1731
Which of the following best described the scope of commerce
- A. All forms of commercial exchanges relating to industry
- B. Buying and selling and the construction industry
- C. All occupational exchanges relating to industries and commercial activities
- D. Buying and selling as well as the extraction of natural resources
1732
In the case of voluntary liquidation of a business is (lie receiver is appointed by
- A) Creditors
- B) Debtors
- C) Directors
- D) Shareholders
1733
Which of these is both merit and demerit in partnership?
- A. The number of partners
- B. It unlimited nature
- C. The bearing of risk
- D. The withdrawal of a major partner
1734
Invisible imports consist of?
- A. cement, shipping and consultancy services
- B. banking, drinks , insurance and technical services
- C. consultant services, tourism and banking
- D. tourism
1735
A direct service is rendered by
- A. State counsels
- B. Civil servants
- C. Police
- D. Family doctor
1736
Which of the following acted as the central bank for West African countries before their independence?
- A. The West African Clearing House
- B. The British Bank for West Africa
- C. The West African Currency Board
- D. The African Development Bank
1737
Tourism can be classified as?
- A. intangible import
- B. visible export
- C. intangible export
- D. invisible export
1738
One of the merits of television as a medium of advertising is that it
- A. is prone to censorship
- B. is relatively cheap
- C. has more network coverage
- D. has more sensory stimulation
1739
Those who are engaged in exploiting natural resources are in
- A. commercial occupation
- B. constructive occupation
- C. manufacturing occupation
- D. extractive occupation
1740
The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?
- A. #24,000
- B. #46,500
- C. #62,500
- D. #65,000