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 principle where many insurance companies join to compensate one policy holder is called?
contribution
subrogation
compensation
indemnity
Correct answer is A
No explanation has been provided for this answer.
A specialized market where stocks and shares are bought and sold is
money market
commodity exchange market
perfect market
stock exchange market
Correct answer is D
No explanation has been provided for this answer.
The amount the assured receives if he decides to discontinue the life policy is known as
refund value
net value
surrender value
sum assured
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not the duty of an agent to the principal?
Acting in good faith
Rendering accurate account
Disclosing all profits made
Making secret profit
Correct answer is D
No explanation has been provided for this answer.
The speculator who applies for a new issue of shares without the intention of keeping them is
bull
stag
bear
jobber
Correct answer is B
No explanation has been provided for this answer.