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Wednesday, 08 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3356:
Fidelity guarantee insurance will only cover
  • A Cashier's fraud
  • B Daylight robbery
  • C Loss of profit
  • D Unpaid loan
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Question 3357:
In the absence of the bill of lading, which of the following is used o clear the goods
  • A Bill of sight
  • B Dock warrant
  • C Certificate of Origin
  • D Mate's receipt
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Question 3358:
A system of sales where goods are sold to the highest bidder is known as
  • A Credit sale
  • B Hire purchase
  • C Clearance sale
  • D Auction sale
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Question 3359:
The term "fiduciary issue" means
  • A Money issued without gold backing
  • B Money issued with gold backing
  • C Money issued as currency note
  • D Gold reserve
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Question 3360:
An insurance principle which prevents an insured from making profit when compensated is known as
  • A Proximate cause
  • B Indemnity
  • C Insurable interest
  • D Utmost good faith
View Answer & Explanation