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.
Which of the following is not function of money? it?
is a medium of exchange
serves as a store of value
is easily recognizable
make deferred payments possible
Correct answer is C
No explanation has been provided for this answer.
The principle of subrogation imposes an obligation on the insured to?
disclose all material information
have financial risks in object insured
collect compensation from only insurer
surrender legal rights after compensation
Correct answer is D
No explanation has been provided for this answer.
Hull insurance is taken to cover?
injury to the crew of the ship
non-payment of freight
damage to the cargo
damage to body of the ship
Correct answer is D
No explanation has been provided for this answer.
The transfer of risks already undertaken from insurance one insurance company to another is?
over-insurance
re-insurance
under insurance
group insurance
Correct answer is B
No explanation has been provided for this answer.
The minimum charge at which the Central Bank lend to commercial banks is called?
discount rate
bank rate
market rate
interest rate
Correct answer is B
No explanation has been provided for this answer.