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 charge is specified cross if?
it has two parallel lines across it
the words & Co are written in between the lines?
the name of a bank is written across it
the words not negotiable are written across it
the name of the banker on the cheque
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a reason for dishonoring a cheque?
Irregular signature
Signed alteration on the cheque
Insufficient fund in drawer's account
Drawers stopped payment on time
Amount in words differs from what written in figures
Correct answer is B
No explanation has been provided for this answer.
cablegram
postmark
post code
telegraphic address
multiple address telegram
Correct answer is D
No explanation has been provided for this answer.
One means of making payment through NIPOST is the?
cheque
money order
standing order
promissory order
counterfoil
Correct answer is B
No explanation has been provided for this answer.
The document issued to a lender under a company's seal acknowledging a debt is called?
stock
share
dividend warrant
debenture
mortgage
Correct answer is D
No explanation has been provided for this answer.