Commerce

What is the name of a service where a bank makes regular payment on behalf of its customers?

A. Direct debit B. Credit transfer C. Standing order D. Bank draft Correct Answer: Option A A. Direct debit Explanation…

6 years ago

When the buyer of an existing share is to receive the pending dividend, the price is?

A. cum div B. ex-div C. at par D. at a discount Correct Answer: Option A A. cum div

6 years ago

A cheque issued in January 1997 which the holder failed to present for payment until September 1997 is called a?

A. traveler's cheque B. post-dated cheque C. stale cheque D. crossed cheque Correct Answer: Option C C. stale cheque

6 years ago

Which of the following is not true of the stock exchange?

A. it is a commodity market B. it provides a market for trading on shares C. Government and companies raise…

6 years ago

Which of the following is the safest way of sending important documents through the post?

A. Registered mail B. Parcel post C. Letter post D. Express mail Correct Answer: Option A A. Registered mail

6 years ago

The exchange of goods for goods in home trade is known as?

A. entrepot trade B. trade by barter C. commodity trade D. distributive trade Correct Answer: Option B B. trade by…

6 years ago

The main function of a thrift and credit cooperative society is to?

A. encourage members to buy cheaply B. enable members to get the highest profit C. help members get legal redress…

6 years ago

Catalogs are mostly used by?

A. chain stores B. department stores C. mail order firms D. supermarkets Correct Answer: Option C  

6 years ago

Which of the following insurance principles states that a person must be in a position to suffer financially in the event of a loss?

A. Proximate cause B. Indemnity C. Insurable interest D. Subrogation Correct Answer: Option B B. Indemnity

6 years ago

Which of the following must be stated in the article of association?

A. the objects of the company B. the registered office address of the company C. the method of issue and…

6 years ago