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.
Which of the following is referred to as the oldest form of insurance?
Marine insurance
Burglary insurance
Whole life insurance
Accident insurance
Correct answer is A
No explanation has been provided for this answer.
Which of the following is legal tender
Bank notes
Bank drafts
Central bank cheque
Traveller's cheque
Correct answer is A
No explanation has been provided for this answer.
Treasury bills are bought and sold in the
Capital market
Open market
Commodity market
Money market
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a function of the Central Bank
Banker to the government
Banker's bank
issuance of currency notes
Granting loans to the public
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a reason for dishonoring a cheque?
insufficient funds in drawer's account
when the cheque is stale
Amount in figure differs with amount in words
Poor handwriting
Correct answer is D
No explanation has been provided for this answer.