COMMERCE QUIZ

The restriction to higher levels of the management hierarchy is what?

• Decentralization
• Centralization
• Span of control
• Delegation of authority

Which of the following is an example of Non-negotiable instrument?

• Promissory notes
• Bill of Lading
• Dividend warrants
• Bill of exchange

A cheque which is drawn now but bear a future date and it can only be presented for payment on the date written on them?

• Stale cheque
• Inchoate bill
• Certified cheque
• None of the above

The downward and upward movement of information within an organization is refer to as _____?

• Vertical communication flow
• Horizontal communication flow
• External communication flow
• All of the above

_______ is the starting point or the last station at the end of a railway line.

• Freight
• Terminus
• Haulage
• Demurrage

Which of the following is not a feature of central bank?

• It is not a set up to make profit.
• It is incorporated.
• It is established and owned by the government.
• There is only one central bank in a country.

Which of the following is not a function of the mortgage banks?

• It encourages savings towards house ownership
• Lending money to developers for the construction of estates.
• Granting of long-term loans for the construction of residential houses.
• Preventing the landlord from acquiring certificate of occupancy

What is an amount paid by the chatterer for each day of delay in loading and unloading of goods carried in the ship?

• Freight
• Terminus
• Haulage
• Demurrage

Which bank is established mainly to provide long-term finance for various developmental project?

• Merchant banks
• Development banks
• Mortgage banks
• Commercial banks

______ Department is responsible for recruitment, selection and training of staffs?

• Finance department
• Production
• Maintenance
• None of the above