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 a function of money?
Provision of double coincidence of wants
Durability
Standard for deferred payment
Portability
Divisibility
Correct answer is C
No explanation has been provided for this answer.
An author's exclusive right to published and unpublished works is known as?
patent right
fundaamental human right
copyright
authorship
constitutional right
Correct answer is C
No explanation has been provided for this answer.
premium
indemnity
proximate cause
utmost good faith
general average cause
Correct answer is B
No explanation has been provided for this answer.
The amount paid by the assured to the insurer is called?
interest
premium
dividend
indemnity
surrender value
Correct answer is B
No explanation has been provided for this answer.
The amount paid by the insurance company to the insured upon giving up his policy is called?
Surrender value
cash bonus
assured sum
dividend
premium
Correct answer is A
No explanation has been provided for this answer.