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.

2,186.

The value stated on the share certificate as opposed to the current value is called?

A.

premium value

B.

exchange value

C.

nominal value

D.

discount value

E.

market value

Correct answer is C

No explanation has been provided for this answer.

2,187.

One of the reasons for national of industries is?

A.

for efficient management

B.

to comtrol corruoption and nepotism

C.

increase the number of shareholders

D.

to control corruption performance of strategic industries

E.

to drive away foreign investors

Correct answer is D

No explanation has been provided for this answer.

2,188.

The practice of selling in foreign markets at less than cost price is known as?

A.

fair trading

B.

over-invoicing

C.

smugging

D.

hedging

E.

dumping

Correct answer is E

No explanation has been provided for this answer.

2,189.

A house insured against damaged by flood was burnt down and the owner had a claims. Which of the following prevented him from making any claim? The principle of

A.

indemnity

B.

subrogation

C.

insurable interest

D.

proximate cause

E.

utmost good faith

Correct answer is D

No explanation has been provided for this answer.

2,190.

The market for short term loans is known as the?

A.

capital market

B.

discount market

C.

money market

D.

stock market

E.

open market

Correct answer is C

No explanation has been provided for this answer.