Commerce

The bank on which a cheque is drawn is known as the?

A. drawer B. drawee C. cashier D. payee Correct Answer: Option B B. drawee

6 years ago

The assets of a business that is available for cash or near cash is called?

A. equity B. capital employed C. received capital D. liquid capital Correct Answer: Option D D. liquid capital

6 years ago

A collective bundle of shares is called?

A. debenture B. stock C. bond D. share Correct Answer: Option B B. stock

6 years ago

A written instruction by a current account holder to his bank to debit his account at regular intervals with a specified amount for a given period is?

A. standing order B. money order C. bank draft D. overdraft Correct Answer: Option A A. standing order

6 years ago

One of the principles of insurance is?

A. consequential loss B. fidelity guarantee C. proximate cause D. surrender value Correct Answer: Option C C. proximate cause

6 years ago

A voluntary body formed by people in the same line of business for the purpose of protecting their interest is a?

A. trade association B. trade union C. chamber of commerce D. trading partnership Correct Answer: Option A A. trade association

6 years ago

A cheque drawn by a bank on itself is a/an?

A. direct debit B. bank draft C. bank transfer D. overdraft Correct Answer: Option B B. bank draft

6 years ago

The relationship between all imports and exports of a country is known as?

A. terms of trade B. balance of trade C. balance of payment D. terms of payment Correct Answer: Option B…

6 years ago

An issuing house is an outlet for?

A. new shares and bonds B. non-listed companies shares C. existing shares and bonds D. only gilt-edged securities Correct Answer:…

6 years ago