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Tuesday, 07 April 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 3386:
A system of buying goods by an agent where the supplier is determined by the principal is
  • A Tied shop
  • B Closed shop indent
  • C Open indent
  • D Ring trading
View Answer & Explanation
Question 3387:
One of the functions of a central bank is to
  • A Perform supervisory role among all the banks in the country
  • B Provide the means of payment to individuals
  • C Ensure the smooth transfer of shares
  • D Accept private deposits
View Answer & Explanation
Question 3388:
The issue of Certificate of Incorporation to a company means that it has
  • A Started production
  • B Legally come into being
  • C Appointed a board of directors
  • D Merged with another company
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Question 3389:
The part of authorized capital of a company sold to shareholders is
  • A Paid-up capital
  • B Called-up capital
  • C Issued capital
  • D Nominal capital
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Question 3390:
A person who contributes money to a partnership business and is also involved in its general supervision is called
  • A An active partner
  • B A limited partner
  • C A dormant partner
  • D A nominal partner
View Answer & Explanation