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.
A principal member of the stock exchange who buys and sells securities on his own is a
jobber
promoter
broker
speculator
Correct answer is A
A jobber is a principal or wholesaler who deals only on the Stock Exchange with brokers, not directly with the public.
A stock jobber holds shares on their own books and created market liquidity by buying and selling securities, and matching investors' (buy and sell orders through their brokers, who were not allowed to make markets)
The central bank sometimes calls for special deposits from the commercial banks in order to
reduce bank lending
increase bank lending
withraw defaced currencies
issue notes and coins
Correct answer is A
No explanation has been provided for this answer.
Debentures which are secured by the fixed assets of a company are called
Mortgaged Debenture
Naked Debenture
Redeemable debenture
irredeemable Debenturs
Correct answer is C
No explanation has been provided for this answer.
common carrier
hawker
porter
clearing agent
Correct answer is A
No explanation has been provided for this answer.
Which of the following is a function of marketing department in a firm?
Add value to goods and services
Protect those who engage in business transactions
initiate general policies in the organization
Handle all staff masters in the system
Correct answer is A
No explanation has been provided for this answer.