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 services is not rendered by commercial banks?
Business advice
Currency notes issue
Accepting deposits
Credit transfer
Correct answer is B
No explanation has been provided for this answer.
Which of the following encourages people to save towards owning a house?
Merchant bank
Development bank
Mortgage bank
Commercial bank
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a means of payments through the post office?
Standing Order
Promissory note
Money order
Telegraphic transfer
Correct answer is C
No explanation has been provided for this answer.
drawee and the payee
drawer and the payee
drawee and the drawer
drawer and the payee
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a financial institution?
Commodity Board
Insurnace company
Clearing house
stock exchange
Correct answer is A
No explanation has been provided for this answer.