Commerce Past Questions And Answers
1601
the early days to trade is?
- A. tobacco
- B. metal bars
- C. cowries
- D. coins
1602
The business unit that applies the principle of one man vote is
- A. public company
- B. partnership
- C. co-operative society
- D. sole properitorship
1603
When an insurance policy is cleared void because of a false declaration the principle involved is?
- A. indemnity
- B. insurable interest
- C. proximate cause
- D. utmost good and favour
1604
The most important advantage of personal selling is that it
- A. allows sellers to percieve buyers' needs
- B. allows sellers to sell their goods quickly
- C. takes place easily on the high ways
- D. takes place without the permissionof government
1605
The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?
- A. subscriptions
- B. total savings
- C. volume of purchase
- D. contributions
1606
When a share with a nominal value of #50 is quoted at #70, it is being sold
- A. cum div
- B. ex-div
- C. at a discount
- D. at a premium
1607
Which of the following is referred to as the oldest form of insurance?
- A. Marine insurance
- B. Burglary insurance
- C. Whole life insurance
- D. Accident insurance
1608
The legal document that gives a individual power to protect his own piece of invention is called
- A. copyright
- B. license
- C. patent right
- D. trademark
1609
A computer that can be used in weather forecast is?
- A. a hybrid computer
- B. an analog computer
- C. a marineframe computer
- D. a digital computer
1610
Which of the following statements best describes net profit? The excess of
- A. total revenue over total expenditure
- B. total capital income over expenditure
- C. sales over purchases
- D. total capital formation over capital consumption