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Monday, 13 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 1986:
The raising of new capital by allowing existing shareholders the privilege to buy shares at preferential rate is called?
  • A Bonus issue
  • B Private placing
  • C Offer for sale
  • D Rights issue
  • E Issue by prospectus
View Answer & Explanation
Question 1987:
The agreed amount payable to a policy holder when the event insured against occurs is?
  • A Surrender value
  • B Sum assured
  • C Indemnity
  • D Insurable interest
  • E Endowment
View Answer & Explanation
Question 1988:
The rate at which one country”s products are exchanged for the products of another is?
  • A Balance of trade
  • B Balance on current account
  • C Terms of trade
  • D Balance of payments
  • E Foreign exchange
View Answer & Explanation
Question 1989:
The rate at which one country”s products are exchanged for the products of another is?
  • A Balance of trade
  • B Balance on current account
  • C Terms of trade
  • D Balance of payments
  • E Foreign exchange
View Answer & Explanation
Question 1990:
Which of the following is not performed by the shipping and forwarding agents?
  • A Reservation ofshipping space
  • B Collection of payment from the importer
  • C Collection of goods from the factory
  • D Preparation of the bill of lading
  • E Arrangementfor marine insurance
View Answer & Explanation