Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

606.

Rights issue means the

A.

issue of shares to the directors of a company on favourable terms

B.

Issue of shares by a company only to the founders of the company

C.

right of shareholders to vote on any issue

D.

issue of shares to shareholders on favourable terms

Correct answer is D

No explanation has been provided for this answer.

607.

The financial index which compares current assets directly with current liabilities is known as current

A.

turnover

B.

capital

C.

ratio

D.

balance

Correct answer is C

No explanation has been provided for this answer.

608.

Factoring is a trade debt term used when the agent buys all the trade debts of the

A.

importers

B.

exporters

C.

nation

D.

customers

Correct answer is B

No explanation has been provided for this answer.

609.

A public limited company can raise long-term loans through

A.

the capital market

B.

the money market

C.

bank overdrafts

D.

discount houses

Correct answer is A

No explanation has been provided for this answer.

610.

The nominal value of a share as specified in the Memorandum of Association and the share certificate is the

A.

discounted value

B.

stock value

C.

face value

D.

par value

Correct answer is C

No explanation has been provided for this answer.