Commerce Past Questions And Answers
1971
The bank that discount bills of exchange is the?
- A. central bank
- B. mortage bank
- C. development bank
- D. comercial bank
1972
Use the information Above to answer this question What is the current ratio?
- A. 4:1
- B. 4.5:1
- C. 5:1
- D. 25.5:1
1973
An author’s exclusive righto his published and unpublished works is known as?
- A. authors right
- B. constitution right
- C. patent right
- D. copyright
1974
Which of the following instruments of payment could be used in international trade?
- A. Promissory note
- B. B. Postal order
- C. I. O.U
- D. Bill of exchange
1975
Which of the following would best be conveyed by rail transport
- A. Bread
- B. Shoes
- C. Potatoes
- D. Tomatoes
1976
A memorandum of association is a document
- A. defining a company's relationship with the public
- B. inviting the public to buy a company's shares
- C. governing the affairs of the partnership
- D. regulating a company's internal affairs
1977
The principle where many insurance companies join to compensate one policy holder is called?
- A. contribution
- B. subrogation
- C. compensation
- D. indemnity
1978
Which of the following would be used when goods are sent through independent carriers?
- A. Delivery note
- B. Despatch note
- C. Consignment note
- D. Advice note
1979
Which of the following advertising media combines the advantages of sound and motion?
- A. Radio
- B. Neon signs
- C. Press
- D. Television
1980
In order to increase the capital owned, a sole trader may
- A. seek for bank loan
- B. issue debentures
- C. acquire extra shop fittings on credit
- D. draw less of his profit for personal use