The transfer of risks already undertaken from insurance one insurance company to another is?
over-insurance
re-insurance
under insurance
group insurance
Correct answer is B
No explanation has been provided for this answer.
The minimum charge at which the Central Bank lend to commercial banks is called?
discount rate
bank rate
market rate
interest rate
Correct answer is B
No explanation has been provided for this answer.
When shares are fully paid they can be converted into?
bonds
debentures
stocks
treasury bills
Correct answer is C
No explanation has been provided for this answer.
The drawer of a bill of exchange which is not discount is also the?
30 days
2months
6 months
12 months
Correct answer is C
No explanation has been provided for this answer.
The trade document signed by a representative of the country to which is not discounted is also the?
consular invoice
certificate invoice
consignment invoice
proforma invoice
Correct answer is A
No explanation has been provided for this answer.