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.
When the buyer of an existing share is to receive the pending dividend, the price is
cum div
ex-div
at par
at a discount
Correct answer is A
Cum divl; (of share purchases) with a dividend about to be paid.
traveller's cheque
post-dated cheque
stale cheque
crossed cheque
Correct answer is C
stale cheque is a cheque that was written too long ago and that a bank may refuse to pay when someone tries to get the stated amount:
Which of the following is not true of the stock exchange?
it is a commodity market
it provides market for trading on shares
Government and companies raise fund through it
it provides professional advice on investment
Correct answer is A
A commodity market is a physical or virtual marketplace for buying, selling, and trading raw or primary products. Stock Exchange is not a commodity market
Which of the following is a safest way of sending important documents through the post
Registered mail
Parcel post
Letter post
Express mail
Correct answer is A
Registered mail is a postal procedure with special precautions for safety and for compensation in case of loss.
The exchange of goods for goods in home trade is known as
entrepot trade
trade by barter
commodity trade
distributive trade
Correct answer is B
Barter is involves the provision of one good or service by one party in return for another good or service from another party.