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Commerce Past Questions

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4251

The share value stated on a share certificate is

  • A. above par value
  • B. below par value
  • C. market value
  • D. nominal value
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4252

The bank which acts as the lender of last resort is the

  • A. Central bank
  • B. Commercial bank
  • C. Merchant bank
  • D. Mortegage bank
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4253

An insurance policy which is not a contract of indemnity is

  • A. burglary insurance
  • B. fire insurance
  • C. life insurance
  • D. motor insurance
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4254

When a company insures the lives of all its employees collectively, the policy is

  • A. accident insurance
  • B. fleet insurance
  • C. fidelity guarantee insurance
  • D. group insurance
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4255

A cheque that could be cashed over the counter by the payee is

  • A. certified cheque
  • B. crossed cheque
  • C. open cheque
  • D. bank draft
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