Commerce Past Questions and Answers

Explain the following terms used in insurance:
(a) surrender value
(b) cover note
(c) policy
(d) re-insurance
(e) group insurance

List and explain five methods used by the Central Bank to control the activities of the commercial banks.

(a) State five characteristics of a limited liability company.
(b). Explain five sources of funds to a public limited company.

Explain the following and give three benefits of each:
(a) branding
(b) after sales service
(c) self-service
(d) vending machine

(a) What is Nationalization?
(b) Explain three rea-sons why government nationalizes some businesses.
(c) State four disadvantages of nationalization.