COMMERCE PAST QUESTIONS (SSCE)

The West Africa Clearing House (WACH) was established

The refund made on goods re-exported after being imported is known as

Which of the following is not suitable for hire purchase?

Which of the following is not a function of the ports Authority?

Which of the following is a means by which a contract of agency could be terminated?

Who among the following does not function in the stock exchange market?

The process of dealing with a cheque once it has been paid into the creditor’s bank is

Which of the following is not a method of discharging a contract?

The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by

Market skimming is an example of

Which of the following has as one of its objectives the removal of obstacles to movement of people and goods across the boundaries of member countries?

The minimum charge at which the central bank lends to commercial banks is called

A private company is one which must publish its audited account must publish its audited account

The process by which the government takes over the ownership ad control of an existing private business is

The scope of commerce is limited to

C & F as a price quotation in foreign trade means that the buyer

A partner with an unlimited liability is known as a

Which of the following can be defined as trade and aid to trade?

A refund of the duty collected on goods imported and processed for re-export is

A retirement insurance policy which enables the assured to receive income for a specific period is

An open cheque is one

The various rights attached to different classes of shares are stated in the

Which of the following gives businessmen the opportunity to buy shares of public limited companies?

Which of the following is used to show that goods imported were produced in an ECOWAS member country?

Which of the following is a method of sales promotion?

Total assets minus current liabilities is equal to a company’s

Which of the following is not an obstacle to the achievement of the objective of ECOWAS?

Which of the following provides a proof of posting and that the item has got to the addresses?

Partnership form of business is most appropriate

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

Which of the following organizations aim at providing relief for countries facing adverse balance of payment?

A retailer sells his products at “buy-two-take-three”. The sales promotion method referred to is

If the amount of dividend paid varies according to the level of profit; what type of share is involved?

The production of goods in anticipation of demand is possible because of the existence of

A debenture is mortgaged when it is

Dividend is a always expressed as a percentage of total

An advantage of a public limited company over a private one is the

Which of the following involves the delivery of mails to a traveler without fixed address?

The term legal tender refers to

When an insurance company indemnifies the insured and takes over his rights, this is known as