Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.
The staff responsible for the calculations of probability of losses in insurance is the
Actuary
Underwriter
Broker
Solicitor
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not required in the mail order business?
Warehouse
Catalogue
Display room
Post office
Correct answer is C
No explanation has been provided for this answer.
A partnership cannot raise its capital by
selling shares to the public
personal contribution of partners
admission of new partners
undistributed profits
Correct answer is A
No explanation has been provided for this answer.
Who among the following does not render direct service?
Teachers
Musicians
Doctors
Retailers
Correct answer is D
No explanation has been provided for this answer.
Which of the following is classified as an extractive industry ?
Digging for minerals
Digging for roads building
Canning of Tomatoe puree
Assembling of cars
Correct answer is A
No explanation has been provided for this answer.