Commerce MCQs | Quiz, Multiple Choice Questions Test

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Commerce multiple choice questions (MCQs) Test. These commerce quiz are from sale and purchase of goods and services including international trade. Find answers to the commerce and business quiz after each five questions.
1. IMF provides assessments of recent public finance developments in its
(A) Global Financial Stability Reports
(B) Fiscal Monitor Reports
(C) World Economic Outlook Reports
(D) None of these

1. (B) Fiscal Monitor Reports. (See below ↓ for regular commerce questions)

Page: 1 | 2 | 3 | 4 | 5

1. Which from the following is NOT among essentials of a valid contract?
(A) Consensus ad idem
(B) More than two parties
(C) Lawful consideration
(D) Free consent

2. Raw materials that are remaining at the end of the reporting period are treated as
(A) current assets
(B) fixed assets
(C) expenses
(D) liabilities

3. The selling price of some goods is $1500 and cost to sell the goods is $200. What is the Net Realizable Value (NRV)?
(A) $1000
(B) $1200
(C) $1300
(D) $1500

4. Shares of a public company are usually traded on a
(A) central bank
(B) stock exchange
(C) securities & Exchange Commission
(D) hedge fund

5. Selling bonds is a way to
(A) paying debt
(B) improve exchange rate
(C) lend loans
(D) obtain loans

1. (B) More than two parties
2. (A) current assets
3. (C) $1300
4. (B) stock exchange
5. (D) obtain loans Next: Commerce MCQs 6–10

Commerce MCQs | Multiple Choice Questions (MCQ) Test.