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Commerce Past Questions and Answers

Commerce Questions

Question 1996:
The process of entrusting part of the work of a superior and the corresponding authority to a subordinate in an<br/>organisation is called?
  • A Delegation
  • B Deputising
  • C Coordinating
  • D Supervision
  • E Motivation
View Answer & Explanation
Question 1997:
Which of the following is not considered by banks when granting loans to customers?
  • A Character ofthe customer
  • B Amount needed
  • C Period of repayment
  • D Amount of interest payable
  • E Purpose of the loan
View Answer & Explanation
Question 1998:
Which of the following is not considered by banks when granting loans to customers?
  • A Character ofthe customer
  • B Amount needed
  • C Period of repayment
  • D Amount of interest payable
  • E Purpose of the loan
View Answer & Explanation
Question 1999:
A cheque that is drawn on a bank is called?
  • A Certified cheque
  • B Bankdraft
  • C Bank note
  • D Order cheque
  • E Bearer cheque
View Answer & Explanation
Question 2000:
The rebate given to the retailer by the wholesaler to enable him make profit is known as?
  • A Trade discount
  • B Cash discount
  • C Credit guarantee
  • D Commission
  • E Mark-up
View Answer & Explanation