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Commerce Past Questions

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2606
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
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2607
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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2608
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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2609

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
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2610

A business obtains part of its short-term capital from

  • A. bonds
  • B. debentures
  • C. trade credit
  • D. ordinary shares
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