Commerce

The term legal tender refers to?

A. coins and cheques B. coins and bank notes C. cheques and bank notes D. postal and money orders Correct…

6 years ago

Who among among the following is not function of a stock exchange market?

A. Bull B. Broker C. Jobber D. Promoter Correct Answer: Option D D. Promoter

6 years ago

Which of the following is not a function of money? it

A. is a medium of exchange B. serves as a store of value C. is easily recognizable D. make deferred…

6 years ago

The principle of subrogation imposes an obligation on the insured to?

A. disclose all material information B. have financial risks in object insured C. collect compensation from only insurer D. surrender…

6 years ago

Hull insurance is taken to cover?

A. injury to the crew of the ship B. non-payment of freight C. damage to the cargo D. damage to…

6 years ago

The transfer of risks already undertaken from insurance one insurance company to another is?

A. over-insurance B. re-insurance C. under insurance D. group insurance Correct Answer: Option B B. re-insurance

6 years ago

The minimum charge at which the Central Bank lend to commercial banks is called?

A. discount rate B. bank rate C. market rate D. interest rate Correct Answer: Option B B. bank rate

6 years ago

When shares are fully paid they can be converted into?

A. bonds B. debentures C. stocks D. treasury bills Correct Answer: Option C C. stocks

6 years ago

The drawer of a bill of exchange which is not discount is also the?

A. 30 days B. 2months C. 6 months D. 12 months Correct Answer: Option C C. 6 months

6 years ago

The trade document signed by a representative of the country to which is not discounted is also the?

A. consular invoice B. certificate invoice C. consignment invoice D. proforma invoice Correct Answer: Option A A. consular invoice

6 years ago