Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

1,741.

Who the following sells among securities in anticipation of a fall in price?

A.

Bear

B.

Stag

C.

Jobber

D.

Bull

Correct answer is A

No explanation has been provided for this answer.

1,742.

If the insured has been fully indemnified, the insurers are entitled to take any advantage due the insured. The principle of insurance involved is?

A.

indemnity

B.

suborgation

C.

contribution

D.

insurable interest

Correct answer is B

No explanation has been provided for this answer.

1,743.

Which of the following is taken type of insurance is taken against claims made by staff who get injured while at work?

A.

Fidelity guarantee insurance

B.

Consequential loss insurance

C.

Products' liability insurance

D.

Employers' liability company

Correct answer is D

No explanation has been provided for this answer.

1,744.

The process of dealing with a cheque once it has been paid into the creditor's bank is?

A.

clearing

B.

accepting

C.

negotiating

D.

discounting

Correct answer is A

No explanation has been provided for this answer.

1,745.

Quality discount is offered to persuade the buyer to?

A.

pay promptly

B.

defer payment

C.

pay a deposit

D.

buy more

Correct answer is D

No explanation has been provided for this answer.