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 types of insurance is usually excluded from the principle of indemnity?
Fidelity Guarantee
Fire
Life
Marine
Motor Vehicle
Correct answer is C
No explanation has been provided for this answer.
Which of the following forms part of a company’s Article of Association?
Goodwill and status of shareholders
Name of the company
Nature and object of the business
Registered office
Voting powers and the use of proxy
Correct answer is A
No explanation has been provided for this answer.
Which of the following is NOT a credit instrument?
Bank Notes
Bill of Exchange
Bill of Lading
Cheques
Promissory Notes
Correct answer is C
No explanation has been provided for this answer.
In the event of winding up of a company, who among the following is paid last?
Cumulative preference shareholders
Debenture holders
Ordinary shareholders
Preference Shareholders
Trade creditors
Correct answer is C
No explanation has been provided for this answer.
Billboard
Hand bill
Magazine
Newspaper
Poster
Correct answer is A
No explanation has been provided for this answer.