Commerce

Small ships which are used to carry goods and passengers across rivers or canals called?

A. tramps B. coasters C. tankers D. liners E. ferries Correct Answer: Option E - ferries

6 years ago

Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed?

A. Circulation capital B. working capital C. fictitious capital D. fixed capital E. capital owned Correct Answer: Option D -…

6 years ago

Cash-in-hand and at bank as well as debtors are examples of?

A. current assets B. fixed assets C. capital owned D. capital employed E. working capital Correct Answer: Option A -…

6 years ago

New shares are offered for sale to the public through?

A. acceptable houses B. the stock exchange C. issuing houses D. discount houses E. mortgage banks Correct Answer: Option C…

6 years ago

A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his?

A. authorized capital B. fixed capital C. working capital D. capital owned E. called-up capital Correct Answer: Option C -…

6 years ago

An offer of new shares made to existing shareholders at a preferential price is called?

A. bonus issue B. rights issue C. private placing D. debenture E. preference share Correct Answer: Option B - rights…

6 years ago

The insurance policy against claims from customers who might be injured within the business premises is called?

A. life assurance policy B. endowment policy C. fidelity guarantee insurance D. employers liability insurance E. engineering insurance Correct Answer:…

6 years ago

An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as?

A. tendering B. auctioneering C. quotation D. hedging E. haggling Correct Answer: Option D - hedging

6 years ago

The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a?

A. bull B. jobber C. bear D. stag E. broker Correct Answer: Option C - bear

6 years ago

Which of the following shows the quality of money?

A. Ability to represent both small and large values B. Used for deferred payments C. Used as a unit for…

6 years ago