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.
The enterprise whose main objective is to provide the public with essential services is known as
cooperative society
partnership
private company
public corporation
Correct answer is D
"Public corporation" means an entity that is created by the state to carry out public missions and services.
What is the name of a service where a bank makes regular payment on behalf of its customers
Direct debit
Credit transfer
Standing order
Bank draft
Correct answer is C
Standing order; is an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.
When the buyer of an existing share is to receive the pending dividend, the price is
cum div
ex-div
at par
at a discount
Correct answer is A
Cum divl; (of share purchases) with a dividend about to be paid.
traveller's cheque
post-dated cheque
stale cheque
crossed cheque
Correct answer is C
stale cheque is a cheque that was written too long ago and that a bank may refuse to pay when someone tries to get the stated amount:
Which of the following is not true of the stock exchange?
it is a commodity market
it provides market for trading on shares
Government and companies raise fund through it
it provides professional advice on investment
Correct answer is A
A commodity market is a physical or virtual marketplace for buying, selling, and trading raw or primary products. Stock Exchange is not a commodity market