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.
A cheque drawn by a bank on itself is a?
credit transfer
direct debt
certified cheque
bankdraft
Correct answer is D
No explanation has been provided for this answer.
Which of the following regulates and controls the activities of the Nigerian Stock Exchange?
Central Bank
Association of Commercial Banks
Securities and Exchange Commission (SEC)
Nigerian Association of Chambers of Commerce
Brokers and Jobbers
Correct answer is C
No explanation has been provided for this answer.
Which of the following is a non- indemnity insurance?
Marine
Life
Fire
Bad debts
Burglary
Correct answer is B
No explanation has been provided for this answer.
Selling a bill in less than the face of the value for immediate cash before the due date is to?
retire the bill
honour the bill
discount the bill
protest the bill
withdraw the bill
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a feature of good banking security? The
asset must be easily converted into cash
value of the asset must be easily ascertained
ownership of the asset must be in doubt
value of the asset should be stable
value of the asset must less than the amount loaned
Correct answer is E
No explanation has been provided for this answer.