O level north west regional mock gce 2022 commerce 1
O level north west regional mock gce 2022 commerce 1
Identify the auxiliaries of trade
prices:
A. Warehousing.
B. Insurance
insurance contract is:
A. Uberimae
B. Caveat emptor
C. Insurable interest
D. Fidelity guarantee.
12. A retailer is offered a trade discount of 20% fora
total of 240.000frs. Trade discount is:
A. 408.000frs
B. 480.000frs
C. 4800 000frs
D. 48.000frs
13. The value of goods imported is 24 million FCFA.
!f tariff charged on them is 25% custom duty is:
A. 600.000f
B. 6.66.000F
C. 6.000.000F
D. 6.600.000F
14. The rate of interest charged on bank loans
depends on all of the following EXCEPT:
A. Duration of loan
B. Type of consumer
C. Expected profit by borrower.
D. Credit worthiness of borrower.
15. Which of the following is NOT a feature of a
multiple shop?
A. Sells goods in CWO basis.
B. .Has many branches
.. . C. They have the same appearance.-
• ;; D; ‘ Stocks can be obtained from a central
warehouse.
Fidei.
C. Banking
D. Communication
effort is
A resource below provide by human i
A. Entrepreneur
B. Labour
C. Land
D. Capital.
The department that educates and trains employees
in an enterprise is called:
A. Human resource department
B. Administrative department
C. Marketing department
D. Accounting department
A standing order is used when a:
A. Single payment is made.
B. Regular payment is made at irreg
C. Regular payment is made at regular intervals.
D. Single payment is made to several persons.
The charge paid for goods transported by sea is
called:
ular intervals.
A. Carriage paid
B. Cash paid
C. Freight
D. Demurrage
Inter-bank indebtedness is settled in a:
A. Clearing house
B. Commercial bank.
C. Merchant bank.
D. Development
r’-i
16. Impulse buying means that the buyer:
A. Buys on credit.
B. Makes payment in installments.
C. Stops buying.
D. Does unplanned buying.
17. A machine used to print postage on documents or
envelopes is called:
A. Franking machine
B. Electronic scale
C. Teleprinter
D. Stamp affixing machine.
18. Which of the following agents does NOT take
possession of goods?
A. Auctioneer
B. Broker
C. Factor
D. Del credre Agent.
19. A document which gives a summary ot the
customer’s transaction in the bank is:
A. Bank statement
B. Statement of Account
C. Counterfoil.
D. Standing order
Which form of advertising below targets a
particular market segment?
A. Direct advertising
B. Indirect advertising
C. Persuasive advertising
D. Informative advertising
Which sales promotional technique attaches a
bonus to the product on sale?
A. Premium
B. Give away item.
C. Discount
D. Coupons.
). A main insurance loss which is voluntarily incurred 0
is;
A. Total loss
B. Partial loss
C. General Average loss
D. Constructive loss.
A policy taken to co
is known as:
A. Employer Liability
B. Burglary
C. Consequential Loss.
D. Fidelity guarantee.
