Commerce Past Questions and Answers

Ali Plc with issued capital of #500,000 in #1.00 shares has for now requested shareholders to pay only 50k for each #1.00 share. The amount requested from the shareholders by the company is called?

A Issued capital
B Called-up capital
C Paid-up capital
D Capital owned
E Borrowed

Question 817:

When a company raises additional capital by selling shares directly to the public through insurance companies or investment houses, this is known as

A Rights issue
B Bonus issue
C Private placing
D Debenture issue
E Preference share issue

Question 818:

Which of the following is not one of the aims of indigenization? To

A Reduce the remittance of profits aboard
B Increase the control of the government over its economy
C Expose the indigenes to different business enterprises
D Collection of indemnity by third party only
E Transfer of a portion of risk from one insurer to another

Question 819:

One of the features of reinsurance is the

A Total transfer of risk from one company to another
B Protection of insurance company by the government
C Protection of the insured by the third party
D Collection of indemnity by third party only
E Transfer of a portion of risk from one insurer to another

Question 820:

Which of the following is used in home trade?

A Bill of lading
B Bank draft
C Letter of credit
D Certificate of origin
E Documentary credit