Commerce Past Questions And Answers
931
The vessels that operate on specific route on high seas and oceans are
- A. Coastal Liners and Cargo Liners
- B. Cargo Liners and Tramp liners
- C. Passenger liners and Tramp liners
- D. Passenger Liners and Cargo Liners
932
Which of the following makes it an offence for a dealer to give misleading information about goods to consumers?
- A) Restrictive trade practices
- B) Trade Description Act
- C) Consumer Protection Act
- D) Consumer Purchases Act
933
The form of trade practiced by the early men was characterized by
- A. exchange of goods for money
- B. efficient distribution system
- C. exchange of goods for goods
- D. organized warehousing
934
When an insurance policy is declared void because of a false declaration ; the principle involved is
- A. indemnity
- B. subrogation
- C. proximate cause
- D. utmost good faith
935
A dormant partner is one who
- A. does not work hard
- B. lent his name to the business
- C. has limited liability
- D. does not partake in running the business
936
A business firm which controls more than half of another firm's equity is a?
- A. holding company
- B. consortium
- C. cartel
- D. syndicate
937
The main documents sent to an importer of goods by the exporter are
- A. bill of lading, invoice, insurance policy, consular invoice, certificate of origin and bill of exchange
- B. indent, bill of lading, certificate of origin, invoice and bill of exchange
- C. certificate of origin, bill of exchange, invoice, insurance policy, indent and bil of lading
- D. invoice, consular invoice, certificate of origin, freight note, indent and insurance policy
938
A source of capital to a cooperative society is
- A. contribution
- B. debenture
- C. retained profit
- D. ordinary share
939
Which of the following is not a component of the marketing mix?
- A. product
- B. production
- C. promotion
- D. place
940
The incentive given to a buyer to encourage prompt payment is
- A. cash discount
- B. seasonal discount
- C. quantity discount
- D. trade discount