Commerce questions and answers

Commerce Questions and Answers

Test and improve your knowledge of the fundamentals of buying and selling with these Commerce past questions and answers.

2,171.

Which of the following is not provided by NIPOST?

A.

Private Mail Bag

B.

Record Delivery

C.

Business Reply Service

D.

Telegram

E.

Poste Restante

Correct answer is D

No explanation has been provided for this answer.

2,172.

The total assets acquired for permanent use in a business concern is called?

A.

Current assets

B.

Fixed assets

C.

Called-up capital

D.

Working capital

E.

Authorized capital

Correct answer is B

No explanation has been provided for this answer.

2,173.

A customer is granted an overdraft by the bank subject to his operating a?

A.

Savings account

B.

Fixed-deposit account

C.

Call-deposit account

D.

Current account

E.

Loans account

Correct answer is D

No explanation has been provided for this answer.

2,174.

An application form which is filled by anyone taking out an insurance policy is called?

A.

A policy form

B.

A claims form

C.

A proposal form

D.

A questionnaire

E.

An entry form

Correct answer is C

No explanation has been provided for this answer.

2,175.

Debentures are part of a company's?

A.

Authorized share capital

B.

Issued share capital

C.

Paid-up capital

D.

Loan capital

E.

Called-up capital

Correct answer is D

No explanation has been provided for this answer.