Ordinary level 2024 Baebock mock commerce 1
Ordinary level 2024 Baebock mock commerce 1
The branch of production concerned with
changing the location of goods is :
A. Commerce
B. Construction
C. Manufacture
D. Extractive
? A trader bought goods worth I5,000,OOOfrs.
VAT is 19.25%. What is the amount payable?
A. 2,887,500frs
B. 17,997,500frs ”
C. 12,112,500frs
D. 15,000,925frs
3. Which insurance principle must an insured
follow when filling the proposal form?
A. Contribution
B. Utmost Good faith
C. Insurable interest,
D. Proximate cause
4. Shop liftingis common to all the following
EXCEPT:
A. Mobile shops
B. MailOrder Business.
C. Department stores
D. Hypermarkets
5. The followingservices are performedby
wholesalers to retailersEXCEPT:
A. Steady flow of goods.
B. Warehousing
C. Information
D. Variety ofgoods
6. A commercial bank will NOT needthe
information below before granting a loan:
A. Name ofthe bank
B. Method of repayments
C. Durationof loan
D. Collateral security
7. The mode of transport that is a feeder to other
transport systems is:
A. Canal
B. Road
C. Rail
D. Sea.
8. The following are agents in the London
Freight market EXCEPT:
A. Charteringagents
B. Independent Brokers
C. Del credere agents
D. Shipbrokers
9. Duties which are imposed on imports basedon
the unit of measurement are known as:
A. Custom Duties
B. Value Added Tax
C. Excise Duties
D. Specific Taxes
