Commerce Questions and Answers – Part3

21. What is the other name for creditorship ?
securitieso Debentures

22. Who is called an Arbirator?
A person chosen by the parties to a dispute to suggest a way of settling the dispute

23. what is a Capital?
The tangible resources of a person or organization, including cash, machinery, land, building, raw material etc. are called capital

24. Who is sleeping partner?
A partner who contributes capital but will not take partin business activities is called a sleeping partner.

25. When did the government institute the Companies Amendment Act?
In February 1963.

26. What is Debit?
It is the term using in double entry book keeping for an entry made on the left-hand side of an account

27. Who is a Floor Trader?
A person, usually a member of the stock exchange entitled to trade on the floor of that exchange is called floor Trader

28. What is Liquid Asset?
The asset of the business which comprises cash or item which can easily and quickly be converted into cash within a period of one year

29. Name the brand mark which has legal restrictions:
Trade Mark

30. What is Stock Market?
An organized market for securities. Also called a ‘stock exchange’
The tangible resources of a person or organization, including cash, machinery, land, building, raw material etc. are called capital

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