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.
joint venture
partnership
nominal partnership
cooperative
Correct answer is D
The cooperative society works on the principle of mutual help & welfare.
inland letters
registered letters
airmail letters express letters
express letters
Correct answer is C
No explanation has been provided for this answer.
cross-cultural understanding and peaceful interaction
opening values for leaving the country
economic development and naturilization
exploiting the country's natural endowment
Correct answer is D
No explanation has been provided for this answer.
A person who undertakes life insurance is said to be an
insurer
assurer
assured
insured
Correct answer is D
Insured refers to the owner of the property insured or the person whose life is the subject of the contract of insurance
Assurance is different from insurance in that the former is based on
probability
possibility
risk
uncertainty
Correct answer is B
Assurance is similar to insurance, with the terms often used interchangeably. However, insurance refers to coverage over a limited time, whereas assurance applies to persistent coverage for extended periods or until death.