cameroon gce O level June 2024 commerce 1
cameroon gce O level June 2024 commerce 1
. A sea vessel commonly known as the taxi of
the sea is;
A Cargo liner.
B Tramp ships.
C Passenger liner.
D Coastal liner.
The branch of production concerned with
the transformation of goods is called;
A Commerce.
B Industry.
C Manufacturing.
D Extractive industry.
10.
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Private limited companies only start operating
with the issue of;
A Prospectus.
B Articles of association.
C Certificate of incorporation.
D Certificate of trading.
2. Contracts for the carriage of goods by sea are
generally known as;
A Charter by demise.
B Charter parties.
C Time policy.
D Freight note.
II.
The insurance principle that prevents an insured
from making a profit out of a loss is;
A Uberima fides.
B Insurable interest.
C Indemnity.
Contribution.
3. Which of the following is a document used in 12.
foreign trade?
A Credit sales invoice.
B Consular invoice.
C Promissory note.
D Pro forma invoice.
A payment method where a single cheque is
used to make several payments is called;
Standing order.
Bank draft.
C Direct debit.
D Credit transfer.
13.
4. A quantitative limitation on imports is;
A Tariffs.
B Restrictions.
C Quotas.
D Embargo.
A
vri I T
The following are invisible items of trade
EXCEPT;
A Tourism.
B Banking.
C Petrol.
D Aviation.
5. The practice of selling goods at lower prices in
foreign markets is called;
A Export subsidies.
B Dumping.
C Embargoes.
D Tariffs.
6. The type of advert that causes impulse buying is
associated with;
A Informative advert.
B Persuasive advert.
C Generic advert.
D Reminder advert.
15. The authority given a bank by its customer to
make irregular payments is by;
A Bank draft.
B Credit transfer.
C Standing order.
D Direct debit.
The legal document needed by a Public Limited
Company to start functioning is known as;
A Memorandum of Association.
B Certificate of incorporation.
C Articles of Association.
D Certificate of trading.
7. 16. Given that the cost of goods is 24,000,000 frs,
and rate of trade discount being 20%. Calculate
trade discount.
A 600,000 frs.
B 4,800,000 frs.
C 6,000,000 frs.
D 3,600,000 frs.
An overcharged invoice is corrected with;
A Credit note.
B Advice note.
C Debit note.
D Delivery note.
8.
17. For a collateral to be accepted, it should have the
following qualities EXCEPT;
A Accessibility.
B Convertibility.
C Durability.
A banking service that requires regular D Divisibility.
payments of a specific sum is known as;
Standing order.
Overdraft.
Bank loans.
Direct debit
9.
ABCD
