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.
Life assurance premium is determined by the assured's
educational level
age
reputation
number of children
Correct answer is B
The age of the potential policy holder will determine the premium that would be required to be paid. For instance, a young agile person would be charged a different premium from a weak and aged person because the risk factor is different
One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to
settle interbank indebtedness
lend to poor countries
oversee the activities of banks abroad
encourage trade liberalization
Correct answer is B
The major responsibility of the International Bank for Reconstruction and Development(IBRD) otherwise known as the world is to lend financial aid to poor countries that are torn by war and insecurity for developmental purposes.
Who among the following has no voting right?
Preffered ordinary share holders
Ordinary shareholders
Deffered shareholders
Debenture holders
Correct answer is D
A debenture holder is someone or a company that has lent money to another person or company for the purpose of funding a business.
A debenture holder is paid interest in return for lending the company money to meet up their financial obligations. They do not have ownership rights in the affairs of the company hence cannot partake in the decision making process.
Which of the following justifies the existence of public enterprises
Making quick decision
Creating monopoly
Making profit for government
Providing essential services
Correct answer is D
The major and most important reason for the establishment of government-run enterprises is for the provision of essential services at a cheaper rate.
The owners of a public limited company are?
board of directors
management team
shareholders
government
Correct answer is C
No explanation has been provided for this answer.