Commerce

The reduction in the value of a country’s currency in relation to others is?

A. redenomination B. devaluation C. inflation D. deflation Correct Answer: Option B B. devaluation Explanation A devaluation is an official…

6 years ago

Which of the following is classified under current assets?

A. machinery B. motor vehicle C. stock D. fittings Correct Answer: Option C C. stock Explanation A current asset is…

6 years ago

The capital used in the day to day running of a business is?

A. nominal capital B. working capital C. paid-up capital D. authorized capital Correct Answer: Option B B. working capital Explanation…

6 years ago

Duty drawback refers to duties paid on?

A. exported goods produced with local content B. re-exported goods previously imported C. imported goods for sale locally D. locally…

6 years ago

Which of the following business units enjoys government subsidies?

A. private limited company B. limited partnership C. public limited company D. public enterprises Correct Answer: Option D D. public…

6 years ago

The term utmost good faith in insurance means?

A. both the insured and insurer must disclose all information B. only the insurer must disclose all information C. the…

6 years ago

Which of the following is a function of the retailer to the wholesaler?

A. providing after-sales services B. providing information on market trends C. sales of variety of goods D. sales of goods…

6 years ago

A cheque that the bank refused to pay because the drawer had insufficient funds in his account is?

A. a bounced cheque B. a bearer cheque C. a crossed cheque D. an order cheque Correct Answer: Option A…

6 years ago

Which of the following workers is engaged in construction occupation?

A. mason B. shop assistant C. farmer D. train driver Correct Answer: Option A A. mason Explanation A construction worker…

6 years ago

Which of the following activities is classified under extractive industry?

A. exploration of minerals B. construction of roads C. canning of tomatoes purees D. assembling of cars Correct Answer: Option…

6 years ago