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 firm on the stock exchange which agrees to buy shares not bought after a public offer is
a broker
a stag
a jobber
an underwriter
Correct answer is C
A jobber is a principal or wholesaler who dealt only on the Stock Exchange with brokers, not directly with the public.
The publication of facts from a firm's product is called
merchandizing
exhibition
feature articles
mass advertising
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not contained in a deed of partnership?
Names and addresses of partners
Ratio for sharing profits and losses
Investment of each partner
Rate of taxation
Correct answer is D
A deed of partnership usually contains the following information and regulations: Fundamental details about the partnership such as its business name, the names of its members (partners), business address and the type of the business activities conducted. The amount of capital invested by each partner.
The practice of selling the product below the cost price to attract customers to a shop is known as
hedging
loss leader
skimming
under-invoicing
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not a feature of co-operative society?
Owners are the customers
Capital can be repaid to a member
Votes are according to shares held
Dividend is based on patronage
Correct answer is C
Features of a Cooperative Society
- As it is a voluntary association, the membership is also voluntary.
- There is limited liability of the members of co-operative society.
- Liability is limited to the extent of the amount contributed by members as capital.
- An elected managing committee has the powers to take decisions.