Commerce Mid-Term Test 3rd Term, 2022/2023 Session

Commodity is …………….

• services

• any material that must possess standard quality and price

• any material that has product differentiation

• any good that can be consumed immediately

One of the following is an agricultural produce……..

• silver

• electricity

• sugar

• gold

Which of the following cannot be accurately graded? 

• wheat

• tea

• cotton

• sugar

Oil and gas commodities are ………….. Except

• gold

• electricity

• natural gas

• crude oil

Another name for hard commodities is…………commodities.  

• energy

• soft

• agricultural produces

• solid minerals.

  ……………. Is a requirement for trading

• spot trading

• forward future

• standardizing

• open outcry

…………… involves movement of traded commodities from the warehouse to a specified market for exchange purpose. .

• warehousing

• clearing system

• simplification

• graded system.

One of the following is a non-tradable commodity………….

• oil

• raw jute

• gold

• land.

The method of trading that allows shouting and hand signals is called…………..

• open outcry

• town cry

• electronic system

• open communication

…………….. is a type of commodity exchange that provides for delivery at some future point in time.

• forward match

• forward contract

• forward future

• clearing and forwarding