Commerce Past Questions And Answers
231
Product involves
- A. making goods avaiable where and when needed
- B. changing the form of goods, moving and making them avaiable as needed
- C. the manufacturing of goods and provision of services
- D. the assembling of all necessary parts to produce a finished product
232
The part of issued share capital that the company has asked the subscribers to pay for is?
- A. authorized capital
- B. called-up capital
- C. nominal capital
- D. paid-up capital
233
The rate at which a central bank discount first class bills is called the
- A. fixed rate
- B. bill rate
- C. bank rate
- D. interest rate
234
The process of dealing with a cheque once it has been paid into the creditor's bank is?
- A. clearing
- B. accepting
- C. negotiating
- D. discounting
235
The making of doors from timber planks is a type of?
- A. manufacturing
- B. tertiary production
- C. secondary production
- D. primary production
236
A current account holder pays fees for services in form of
- A. bank charges
- B. interest rates
- C. commission on turnover
- D. minimum lending rate
237
An insurance company shares its accepted risk with others in the form of
- A. reinsurance
- B. subrogation
- C. mutual insurance
- D. fidelity guarantee insurance
238
The purpose for which the Central Bank sells securities is to
- A. reduce the interest rate
- B. reduce cash in the economy
- C. increase cash in the economy
- D. incrcase the interest rate
239
Use the diagram below to answer this question X represents
- A. action
- B. receiver
- C. transmission
- D. ideation
240
The bulls and bears in the Stock Exchange market help to minimize
- A. the number of shares and bonds sold
- B. price increases of securities
- C. fluctuations in the prices of securities
- D. the elasticity of the prices of securities