The term legal tender refers to?
coins and cheques
coins and bank notes
cheques and bank notes
postal and money orders
Correct answer is B
No explanation has been provided for this answer.
Who among the following is not function of a stock exchange market?
Bull
Broker
Jobber
Promoter
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not function of money? it?
is a medium of exchange
serves as a store of value
is easily recognizable
make deferred payments possible
Correct answer is C
No explanation has been provided for this answer.
The principle of subrogation imposes an obligation on the insured to?
disclose all material information
have financial risks in object insured
collect compensation from only insurer
surrender legal rights after compensation
Correct answer is D
No explanation has been provided for this answer.
Hull insurance is taken to cover?
injury to the crew of the ship
non-payment of freight
damage to the cargo
damage to body of the ship
Correct answer is D
No explanation has been provided for this answer.