COMMERCE PAST QUESTIONS (SSCE)

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

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

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

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

The main advantage of sea transport over air transport is

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

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

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

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

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

A debenture is mortgaged when it is

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

Market skimming is an example of

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

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

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

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

The term legal tender refers to

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

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

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

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

The main feature of a holding company is

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

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

The scope of commerce is limited to

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

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

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

Partnership form of business is most appropriate

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

Dividend is a always expressed as a percentage of total

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

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 West Africa Clearing House (WACH) was established

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

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

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

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