Commerce Past Questions And Answers
1981
Which of the following attracts only interest but leaves the capital unpaid
- A. a long-term loan
- B. a development bond
- C. a redeemable bond
- D. an irredeemable bond
1982
A specially-designed mode of transport for conveying liquid and gas is a?
- A. coaster
- B. tanker
- C. liner
- D. ferry
1983
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
1984
One of the main features of a partnership is?
- A. limited liability
- B. lack of corporate existence
- C. unlimited membership
- D. lack of utual confidence
1985
The closure of the unregistered patent medicine stores is geared towards sound
- A) economic environment
- B) social environment
- C) physical environment
- D) legal environment
1986
which of the folloing is an example of life insurance
- A. third party policy
- B. comprehensive policy
- C. fidelity guaranteed policy
- D. endowment policy
1987
Business losses in nationalized industries are borne by the
- A. Shareholders
- B. Debenture holders
- C. Board of directors
- D. Public
1988
An insurance broker is involved in?
- A. industrial occupation
- B. distributive occupation
- C. commercial occupation
- D. constructive occupation
1989
A business which becomes insolvent may result in
- A. continuity
- B. expansion
- C. liquidation
- D. re-incorporation
1990
A company whose shares are not easily transferable is a
- A. private limited company
- B. public limited company
- C. public corporation
- D. company limited by guarantee