Commerce Past Questions and Answers

Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?

A Kemi cannot sue Kola
B Kemi can sue Kola
C Kola can deny the promise
D Kola can offer something else

Question 357:

One of the functions of the stock exchange is to ____________

A Assist individuals in their policies
B Provide collateral for investors
C Provide insurance cover against risk
D Disseminate information to investors

Question 358:

The type of advertising that influences consumer's choice of products is ____________

A Competitive
B Persuasive
C Specific
D Informative

Question 359:

The benefits that students derive from tourism are ____________

A Education and revenue
B Recreation and education
C Purchase of artifacts and sightseeing
D Sale of artefacts and relaxation

Question 360:

The transfer of risks from an insurer to another insurer for premium is referred to as ____________

A Assurance
B Insurance
C Subrogation
D Reinsurance