Commerce Questions and Answers
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
What is the OBJECT of a co-operative society?
diversify the members’ produce tor international purpose
gain freedom in marketing the members’ produce
indulge in large scale production and earn huge profits
popularize government policies among the members
provide an agency for meeting the economic needs of members
Correct answer is E
No explanation has been provided for this answer.
What is NOT a characteristic of a Private Limited Liability Company?
a shareholder is not free to transfer his shares to someone without the permission of others
its shares cannot be offered to the public through the stock market
the liability of shareholders is not limited to the amount of shams taken up
the minimum and maximum number of shareholders is seven and infinity respectively
the minimum and maximum number of shareholders is two and fifty respectively
Correct answer is D
No explanation has been provided for this answer.
What is NOT a principle of an insurance contract?
contribution
indemnity
insurable interest
premium
subrogation
Correct answer is D
No explanation has been provided for this answer.
ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted
clean
cum-dividend
double barrelled
ex-dividend
firm
Correct answer is D
No explanation has been provided for this answer.
account
contango
making- up
name
ticket
Correct answer is A
No explanation has been provided for this answer.