Commerce

Which of the following is not a feature of co-operative society?

A. Owners are the customers B. Capital can be repaid to a member C. Votes are according to shares held…

6 years ago

Government financial grants is a source of capital to a?

A. partnership B. public limited company C. public corporation D. co-operative society Correct Answer: Option B B. public limited company

6 years ago

The work of actuaries is to?

A. underwrite insurance risks B. calculate insurance premiums C. settle insurance claims D. assess profits for insurance companies Correct Answer:…

6 years ago

A mortgage bank is primarily concerned with financing the acquisition of?

A. motor vehicle B. research equipment C. computer machine D. dwelling houses Correct Answer: Option D D. dwelling houses

6 years ago

The legal document that gives an individual power to protect his own piece of invention is called?

A. copyright B. license C. patent right D. trademark Correct Answer: Option C C. patent right

6 years ago

Which of the following is used for a single payment of many people at the same time through a bank instead of writing separate cheques?

A. Debit transfer B. Credit transfer C. Certified cheque D. Crossed cheque Correct Answer: Option B B. Credit transfer

6 years ago

Which of the following is not an advantage of partnership?

A. Diversified managerial talents B. Greater financial resources C. Freedom to terminate business D. Account is not made public Correct…

6 years ago

Which of the following is not a source of fund for sole-proprietorship

A. Personal savings B. Borrowing from friends and relatives C. Borrowing from financial institution D. Government bonds Correct Answer: Option…

6 years ago

Which of these qualities guarantees the keeping of money for a long period?

A. Acceptability B. Divisibility C. Durability D. Homogeneity Correct Answer: Option C C. Durability

6 years ago

Sole proprietorship is a form of business owned by?

A. an individual B. two or more persons C. a registered business subsidiary D. the government Correct Answer: Option A…

6 years ago