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.
Government financial grants is a source of capital to a
partnership
public limited company
public corporation
co-operative society
Correct answer is C
A public corporation is that form of public enterprise which is created as an autonomous unit, by a special Act of the Parliament or the State Legislature. They are created by the state to carry out public missions and services and funded by government and tax payer monies
underwrite insurance risks
calculate insurance premiums
settle insurance claims
assess profits for insurance companies
Correct answer is A
An actuary is a person whose job is to calculate risk for insurance companies and pension funds, especially the age to which people are expected to live.
A mortgage bank is primarily concerned with financing the acquisition of
motor vehicle
research equipment
computer machine
dwelling houses
Correct answer is D
A bank that primarily or exclusively offers loans to clients to purchase real estate, especially of private residences.
The legal document that gives a individual power to protect his own piece of invention is called
copyright
license
patent right
trademark
Correct answer is C
A patent is a right granted to an inventor by the federal government that permits the inventor to exclude others from making, selling or using the invention for a period of time.
Debit transfer
Credit transfer
Certified cheque
Crossed cheque
Correct answer is B
Credit transfer is a direct payment of money from one bank account to another that can be made to multiple accounts simultaneously