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.
An insurance policy that covers the body of the ship only is called
Haulage insurance
Voyage insurance
Hull insurance
Cargo insurance
Correct answer is C
No explanation has been provided for this answer.
write and sign one's name at the back of the cheque
write "pay cash" on the cheque
cross the cheque
stop the payment of the cheque
Correct answer is A
No explanation has been provided for this answer.
A market which deals in the purchase and sale of second hand securities is the
Stock Exchange
Building Society
Shippers Council
Co-operative
Correct answer is A
No explanation has been provided for this answer.
The object clause of a limited liability company is stated in the
Memorandum of Association
Article of Association
Certificate of Incorporation
Trading certificate
Correct answer is A
A memorandum of association contains a name clause, registered office clause, object (or objective clause), objects clause, liability clause, capital clause, and association clause.
The Board of Directors of Public corporation is appointed by the
government
shareholders
management
employees
Correct answer is A
Members of the Board of Directors of Public Corporations are appointed by the by the minister heading the ministry