(A) 50%
(B) 60%
(C) 70%
(D) 80%
The answer is: (D) 80%
Category: Commerce MCQs FPSC NTS PPSC Past Papers Test Questions
Commerce MCQs quiz test questions with answers. Commerce and trade multiple choice questions for test preparation including MCQs from FPSC NTS PPSC SPSC KPPSC Past Papers.
The international organization UNCTAD is United Nations Conference on
(A) Transportation and Demand
(B) Trade and Development
(C) Tariff and Demand
(D) Tariff and Deployment
The answer is: (B) Trade and Development
The United Nations Conference on Trade and Development (UNCTAD) is an intergovernmental organization to promote the interests of developing countries in world trade.
Exports are _____ and imports are _____.
(A) debits, credits
(B) credits, debits
(C) assets, liabilities
(D) liabilities, assets
The answer is: (B) credits, debits
What document will be sent to a buyer when the buyer returns some damaged goods?
(A) order
(B) receipt
(C) quotation
(D) credit note
The answer is: (D) credit note
An asset that pays the regular interest payments and repay the original amount at the maturity is known as
(A) stock
(B) share
(C) bond
(D) mortgage
The answer is: (C) bond
An asset that pays a fixed amount of cash at regular intervals for a specified number of years is known as
(A) annuity
(B) perpetuity
(C) simple interest
(D) compound interest
The answer is: (A) annuity
A shareholder in a public limited company can sell his/her shares by
(A) advertising them in a newspaper
(B) asking the company to buy them back
(C) offering them on the stock exchange
(D) listing them online
The answer is: (C) offering them on the stock exchange
A letter of credit is opened on behalf of
(A) an exporter
(B) an importer
(C) a buying agent
(D) a bank
The answer is: (C) a buying agent
Normally, banks issues a letter of credit (LC) on behalf of a buying agent.
A person or a firm that brings buyers and sellers together and receive a commission when the deal is done, is called
(A) agent
(B) broker
(C) retailer
(D) underwriter
The answer is: (B) broker
A broker is a person or a firm that brings buyers and sellers together and receive a commission when the deal is done.
Which of the following is not a function of a retailer?
(A) offering after-sales services
(B) exchanging faulty goods within warranty period
(C) offering services to both consumer and wholesaler
(D) providing a link between manufacturer and wholesaler
The answer is: (D) providing a link between manufacturer and wholesaler
A retailer does not act as a link between manufacturer and wholesaler.