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Wednesday, 08 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3301:
The Board of Directors of Public corporation is appointed by the
  • A Government
  • B Shareholders
  • C Management
  • D Employees
View Answer & Explanation
Question 3302:
The object clause of a limited liability company is stated in the
  • A Memorandum of Association
  • B Article of Association
  • C Certificate of Incorporation
  • D Trading certificate
View Answer & Explanation
Question 3303:
A market which deals in the purchase and sale of second hand securities is the
  • A Stock Exchange
  • B Building Society
  • C Shippers Council
  • D Co-operative
View Answer & Explanation
Question 3304:
To endorse a cheque means to
  • A Write and sign one's name at the back of the cheque
  • B Write "pay cash" on the cheque
  • C Cross the cheque
  • D Stop the payment of the cheque
View Answer & Explanation
Question 3305:
An insurance policy that covers the body of the ship only is called
  • A Haulage insurance
  • B Voyage insurance
  • C Hull insurance
  • D Cargo insurance
View Answer & Explanation