Commerce

Which of the following are elements of the economic environment of business?

A. Government policy B. Norm and value C. Politics D. inflation and unemployment E. Family and peer groups Correct Answer:…

5 years ago

Which of the following are the important functions of any organization?

A. Planning, Marketing, Finance, and Personnel Management B. Planning, Organizing, Controlling and Motivating C. Planning, Production, Controlling and Marketing D.…

5 years ago

The principle of subrogation in insurance means that?

A. the insured could make profit from his loss B. the insured must be fully indemnified C. those insured should…

5 years ago

When a share is bought at a rate below the par value, it is said to have been sold?

A. at a discount B. cum div C. at a premium D. ax-div E. pro-rata Correct Answer: Option A -…

5 years ago

Which of the following is a function of marketing?

A. manufacturing B. quality control C. book-keeping D. distribution E. extraction Correct Answer: Option D - distribution

5 years ago

A ‘bear’ on the stock exchanges sells share in anticipation of?

A. a fall in price B. a rise in price C. a change in price D. the liquidation of the…

5 years ago

Which of the following enhances the leading powers of commercial banks?

A. High bank rate B. Increased cash reserve ratio C. Provision for bad and doubtful debts D. Decreased liquidity ratio…

5 years ago

The naria is legal tender because it is?

A. recognizable B. backed by law C. generally acceptable D. homogeneous E. portable Correct Answer: Option B - backed by…

5 years ago

A document issued by the government authorizing a person to take goods out of the country for sale abroad is known as?

A. export license B. import license C. dock warrant D. bill of lading E. consular invoice Correct Answer: Option A…

5 years ago

A trade deficit means that?

A. the balance of trade is favourable B. exports are less than imports C. imports are less than export D.…

5 years ago