Commerce

An association of firms, producing similar commodities, formed in order to keep up prices by restricting output is called?

A. a chamber of commerce B. a customs union C. an amalgamation D. a cartel E. a combination Correct Answer:…

5 years ago

The most acceptance and convenient means of payment in foreign trade is?

A. letter of credit B. bank-draft C. telegraphic money order D. promissory note E. bill of exchange Correct Answer: Option…

5 years ago

A cheque does not contain?

A. cheque number B. cashier's signature C. payee's name D. drawer's name E. date of issue Correct Answer: Option B…

5 years ago

Which of the following relies on the government for its initial capital?

A. Co-operative Society B. Private Limited Company C. Public Corporation D. Public Limited Company E. Credit and Thrift Society Correct…

5 years ago

Which of the following is not used by the Central Bank to restrict lending by commercial banks?

A. Management of national debt B. Reserve Requirement C. Open Market Operations D. Special Deposit E. Cash ratio Correct Answer:…

5 years ago

An agreement between two parties which can be enforced is called?

A. an agency B. a contract C. a consideration D. an offer E. a warranty Correct Answer: Option B -…

5 years ago

A business that has no upper limit to the number of owners is?

A. partnership B. private company C. public corporation D. finance company E. public limited company Correct Answer: Option E -…

5 years ago

Capital owned is the same as?

A. authorized capital B. issued capital C. net worth of a business D. fixed assets of a business E. public…

5 years ago

Opening the stock plug plus purchase of less closing the stock gives?

A. the rate of turnover B. cost of goods sold C. working capital D. net profit E. gross profit Correct…

5 years ago

The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company’s share is selling?

A. above per value B. at per value C. below per value D. ex dividend E. cum dividend Correct Answer:…

6 years ago