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.
The principle of subrogation states that
an insured person should be indemnifed to the tune of the amount insured
an insurance company can stand in place of the insured in dealing with third party
only a person who is likely to sufferrd loss should take take out an insurance cover
there must be a close connection between the actual loss suffered and risk insured
Correct answer is B
No explanation has been provided for this answer.
The rate at which a central bank discount first class bills is called the
fixed rate
bill rate
bank rate
interest rate
Correct answer is C
No explanation has been provided for this answer.
caused by the insured vehicle
to the insured vehicle
cause by the other vehicle
to the driver of insured vehicle
Correct answer is A
No explanation has been provided for this answer.
The overriding advantage of home trade over foreign trade is
accessibility of seller to buyer
absence of many documents
ease in language of transaction
ease in form of payment
Correct answer is A
No explanation has been provided for this answer.
Bill of sight
Import invoice
Consular invoice
Bill of exchange
Correct answer is C
No explanation has been provided for this answer.