Commerce Past Questions And Answers
Which of the following countries are members of the Lake Chad Basin Commission?
- A. Niger and Cameroon
- B. Benin and Nigeria
- C. Nigeria and Mali
- D. Chad and Benin
When an order cheque is endorsed it becomes a
- A. confirmed cheque
- B. bearer cheque
- C. dishonoured cheque
- D. cleared cheque
The part of the computer that has the capacity to interpret instruction is _______
- A. universal power storage
- B. central processing unit
- C. keyboard
- D. monitor
The measure of independence available to the individual business units that come together is the main difference between
- A. vertical and horizontal integration
- B. Mergers and Acquisition
- C. Consortium and imagination
- D. Trust and Cartel
Which of the following industries is normally located near the source of its raw materials?
- A. Footware industry
- B. Cement industry
- C. Textile industry
- D. Automobile assembly
Citizens are against privatization mainly because of Options A) the likelihood of monopoly B) Ineffective management C) increased prices of goods and services D) the rational of organizationsCitizens are against privatization mainly because of
- A) the likelihood of monopoly
- B) Ineffective management
- C) increased prices of goods and services
- D) the rational of organizations
Detailed information about a public offer of a company's shares is contained in the?
- A. memorandum of association
- B. article of association
- C. letter of enquiry
- D. prospectus
The factors to be considered in setting up retail trade include all except_____
- A. Capital
- B. Experience
- C. Location
- D. Age
The scope of commerce is limited to________
- A. home and foreign trade
- B. wholesaler and retail trade
- C. trade and aids to trade
- D. wholesale and entreport trade
The Customs and Excise Department is responsible for the the collection of?
- A. royalties
- B. tariffs
- C. taxes
- D. charges

