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Commerce Past Questions

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3461

the practice of selling goods in foreign markets at a price lower than the cost price is?

  • A. fair trading
  • B. under invoicing
  • C. hedging
  • D. dumping
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3462

A cheque made payable to a named person is?

  • A. a crossed cheque
  • B. a certified cheque
  • C. an order cheque
  • D. a confirmed cheque
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3463

a house insured against damage by flood was burnt down and the owner had no claim. which of the following principles prevented him from making a claim

  • A. indemnity
  • B. contribution
  • C. insurable interest
  • D. proximate cause
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3464

the market for short term security is called?

  • A. commodity market
  • B. discount market
  • C. money market
  • D. stock market
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3465

which of the following principls stipulates that the insured must be in a position to suffer financial loss?

  • A. indemnity
  • B. proximate clause
  • C. insurable interest
  • D. subrogation
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