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.

2,236.

Debentures are part of a company's?

A.

Authorized share capital

B.

Issued share capital

C.

Paid-up capital

D.

Loan capital

E.

Called-up capital

Correct answer is D

No explanation has been provided for this answer.

2,237.

The insurance cover on property being shipped from one location to another comes under?

A.

Burglary insurance

B.

Fire insurance

C.

Marine insurance

D.

Annuity insurance

E.

Comprehensive automobile insurance

Correct answer is C

No explanation has been provided for this answer.

2,238.

The technique of controlling money supply through the purchase and sale of government bond is called?

A.

Bond control technique

B.

Exchange control technique

C.

Open market operations

D.

Price control mechanism

E.

Span of control technique

Correct answer is C

No explanation has been provided for this answer.

2,239.

When a customer writes a cheque to withdraw cash from his current account, he is both the?

A.

Drawer and the Payee

B.

Drawee and the Payee

C.

Drawer and the Debtor

D.

Drawer and the Creditor

E.

Drawee and the Debtor

Correct answer is A

No explanation has been provided for this answer.

2,240.

Which of the following is not a method of trade restriction?

A.

Exchange control

B.

Stock exchange

C.

Import licence

D.

Embargo

E.

Quota

Correct answer is B

No explanation has been provided for this answer.