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.
indemnity
the sum insured
the surrender value
compensation
premium
Correct answer is C
No explanation has been provided for this answer.
Which of the following takes the shortest time and is the most accurate means of communication?
Telephone
Express letter
Recorded delivery
Airmail letter
Telegraph
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a legal tender?
Central Bank cheque
Bank notes
Bankdraft
Traveller's cheque
Bill of exchange
Correct answer is B
No explanation has been provided for this answer.
Which of the following conditions may lead to the dissolution of a partnership?
Expiry of agreed time
Termination of venture
One partner becomes dormant
Mutual consent of the partners
Bankruptcy of partners
Correct answer is C
No explanation has been provided for this answer.
A business unit whose membership range from 2 to 20 is a
co-operative society
partnership
private limited company
public limited company
public enterprise
Correct answer is B
No explanation has been provided for this answer.