Cat Questions For 3RD Term - Commerce - Senior School

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MARYGOLD INTERNATIONAL SCHOOL

CALABAR, CROSS RIVER STATE


1 CONTINUOUS ASSESEMENT TEST FOR 3RD TERM, 2022/2023 ACADEMIC SESSION
ST

SS 2
COMMERCE [20 Minutes]

1. Mrs. Ola and Musa are both merchants. Ola trades on cash basis while Musa allows credit. Give
three reasons each why Mrs. Ola insists on cash payments while Musa allows credit. [6 marks]

2. Differentiate between Contract and Agreement (Give at least two differences each). [4 marks]

SS 1
COMMERCE [20 Minutes]

1. Discuss the components of balance of payment. [3 marks]

2. (a) What is balance of trade? [2 marks]


(b) Highlight two (2) ways BOP deficit can be corrected. [2 marks]

3. Highlight three (3) problems of foreign trade. [3 marks]

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