COMMERCE PAST QUESTIONS (SSCE)

Partnership form of business is most appropriate

Which of the following is an intangible asset of a firm?

Which of the following is a method of sales promotion?

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

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

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

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

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?

Market skimming is an example of

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

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

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

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

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

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

A debenture is mortgaged when it is

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

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

A label as a product such as “Three Crown Milk” is a form of

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

The main feature of a holding company is

If a share is sold at a price below its first value, it is sold

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

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

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

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

A specially designed container to convey crude oil or liquid from one’ location to another is a

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

Which of the following is not used to correct an adverse balance of payment?

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

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

The term legal tender refers to

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

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

Who is responsible for the payment of the bill in documentary credits?

The main advantage of sea transport over air transport is

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

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

An open cheque is one

The West Africa Clearing House (WACH) was established