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Commerce Past Questions and Answers

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Commerce Questions

Question 2856:

Which of the following terms is used in marine insurance when the cargo suffers partial loss?

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A General Average
B Particular Average
C Floating Policy
D Open Cover

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Question 2857:

Which of the following is not a function of money?

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A Double coincidence of wants
B Medium of exchange
C Measure of value
D Store of wealth

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Question 2858:

Which of the following is true of rail transport?

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A Suitable for perishable goods
B Cheaper over long distances
C It does not require trans-shipment of goods
D Has no fixed route

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Question 2859:

The process of dividing market into identifiable sub-markets is known as

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A Marketing concept
B Market segmentation
C Market research
D Market orientation

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Question 2860:

Legal tender consists of

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A Cheques and coins
B Bank drafts and cheques
C Currency notes and coins
D Money order and currency notes

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