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Commerce Past Questions and Answers

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Commerce Questions

Question 2061:

Which of the following is not true of insurance?

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A A large number of people face the same risk
B Possibility of making a profit out of an event
C Only a small number will actually suffer the loss in any one year
D A large making makes a small contribution to common pool
E Possibility of assessing the frequency of occurrence of the event

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Question 2062:

Which of the following policies qualifies the holder to income to income tax relief?

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A Accident insurance
B Public liability insurance
C Comprehensive insurance
D Endowment assurance
E Fidelity guarantee insurance

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Question 2063:

Which of the following is not a feature of good banking security? The

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A Asset must be easily converted into cash
B Value of the asset must be easily ascertained
C Ownership of the asset must be in doubt
D Value of the asset should be stable
E Value of the asset must less than the amount loaned

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Question 2064:

Selling a bill in less than the face of the value for immediate cash before the due date is to?

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A Retire the bill
B Honour the bill
C Discount the bill
D Protest the bill
E Withdraw the bill

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Question 2065:

Which of the following is a non- indemnity insurance?

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A Marine
B Life
C Fire
D Bad debts
E Burglary

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