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It' i's revision time, take Commerce & Finance - CRM 2025 Mock

50/50 MCQs for:
CRM 2025 Mock
What is the primary goal of commerce?
To which economic sector does an agent responsible for converting raw materials into finished products belong?
Who primarily contributes the capital for a public corporation?
Amina, Alina, and Alice invested a total of 5,250,000 francs in a business with an agreed capital ratio of 2:3:1. What was Alice's contribution?
Based on the same investment scenario (total capital 5,250,000 francs, ratio 2:3:1), what was Amina's share of the capital?
What term describes the practice of selling domestically produced goods in a foreign market at a price slightly lower than their price in the home market?
What is the act of making trading procedures deliberately complex and discouraging called?
Given the following financial transactions for country X in 2020 (Cocoa exports = 5,120,000f; Car imports = 4,930,000f; Invisible receipts = 535,000f; Invisible payments = 650,000f; Overseas investment = 80,000f), calculate the Balance of Trade.
Using the same financial transaction data for country X in 2020, calculate the Invisible Balance.
What is the term for an individual who is granted delegated authority to act on behalf of a principal?
A broker earns a fixed annual income of 25,000 francs plus a 5% commission on all orders exceeding 1,000,000 francs. What will be their total yearly income if they secure orders worth 2,500,000 francs?
In which distribution channel is there a complete absence of middlemen?
What is the name of a document sent by a sales agent in response to a letter of inquiry?
What are the primary reasons for implementing price controls?
Which restrictive trade practice can be beneficial to the state?
Which of the following practices is NOT typically associated with price discrimination?
Trade unions primarily aim to protect the interests of which group?
Which trade legislation prohibits false or misleading advertisements?
An insurance policy has a charge rate of 710 francs for every 30,000 francs of premium. What amount will an individual pay the company if their premium is 20,050 francs?
Which insurance principle emphasizes the obligation of full disclosure of all material facts relevant to the risk being insured?
In marine insurance, what is a loss where the cause is not collectively borne by the ship or the owner?
What term best describes the acquisition of a rubber plant by a tire manufacturing company?
Which mode of transportation often involves products not being visible during transit?
Which mode of transport is often used for last-mile delivery?
What type of vessel is specifically designed for transporting large, bulky, or irregularly shaped goods?
Which form of money was directly exchangeable for the value of the gold it represented?
Which quality of money allows it to be divided into smaller denominations for transactions of varying values?
Which form of money laundering involves manipulating the value of invoices to disguise the movement of funds?
Calculate the future value of 2,000,000 francs invested at a 10% annual interest rate for 3 years, assuming simple interest.
Find the present value of a debt of 2,500,000 francs due in 4 years, given a borrowing rate of 12% and a time value of money of 9.5% per annum.
Why do firms often decide to increase their size?
What is the practice of reinvesting all profits earned at the end of a trading period called?
What term describes the act of selling domestically produced goods in a foreign market at a price lower than their cost of production or domestic price?
Which of the following is an important characteristic of insurance?
What term defines the merging of two or more firms that produce unrelated products or services?
Which of the following could cause the termination or winding up of a business enterprise?
Who among the following is NOT typically considered a party in the financial accounts of a company?
A woman bought a computer set for 2,000,000 francs on hire purchase, paying a 400,000 francs deposit. The remaining balance was subject to a 25% interest rate over 6 equal monthly installments. Calculate the hire purchase interest.
Based on the same hire purchase agreement, what is the total hire purchase price?
What is the amount of each of the 6 equal monthly installments?
Which of the following is NOT typically considered an example of advertisement?
In the years 2020, 2021, and 2022, the index of export prices increased by 140, and the index of import prices increased by 120. Calculate the terms of trade.
What is the interpretation of the terms of trade value calculated in the previous question (116.7%)?
What was a major problem associated with the barter system of trade?
Taxes levied on the sale of goods and services are known as:
What is the name given to a company which, by its characteristics, qualifies it as a corporate body?
What is another common term for a conglomerate?
The use of currency regulations to restrict international trade is known as:
What name is given to an individual who assesses and assumes another party's risk for a fee (premium)?
Which means of payment requires a bank to make irregular payments at irregular intervals as instructed by the payer?