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A document issued by the government authorizing a person to take goods out of the country for sale abroad is known as?
Aexport licence
Bimport licence
Cdock warrant
Dbill of lading
Econsular invoice
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Question 993
waec1991
A trade deficit means that?
Athe balance of trade is favourable
Bexports are less than imports
Cimports are less than export
Dexports are decreasing
Ethe balance of payments is unfavourable
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Question 994
waec1991
A merchant wholesaler is one who?
Atakes title to the goods he sells
Bdoes not own the goods he sells
Cearns a commision for serving as an agent
Dsometimes makes retail sales
Eengages in merchandizing
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Question 995
waec1991
When a seller sends pro-forma invoice to a potential customer, it is?
Aan indication that the seller is out of business
Ban indication that the goods are out of stock
Ca polite way of asking him to return the goods already purchased
Dan invitation to the purchaser to buy on hire-purchase
Ean indication that credit will not be granted
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Question 996
waec1991
A documents which a retailer sends to a wholesaler requesting him to supply items is called?
Aa letter of inquiry
Ba catalogue
Can invoice
Dan order
Ea tender invoice
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Question 997
waec1991
The use of catalogues is associated with?
Ahawkers
Broadside traders
Cmobile shops
Dchain stores
Email-order business
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Question 998
waec1991
Which of the following is a retail outlet to eliminate the profit of middlemen?
AProducer co-operative
BConsumer co-operative
CThrift and Credit Society
DDepartment store
EMultiple shop
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Question 999
waec1991
Which of the following is statutorily responsible for providing information and incentives required to increase the volume of Made-in-Nigeria goods in foreign markets?
AAssociation of Nigeria Exports
BNigeria Export Promotion Council(NEPC)
CGeneral Agreement onTariffs and Trade(GATT)
DAssociation of Nigeria Importers
EManufacturers Association of Nigeria
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Question 1000
waec1991
The manufacturer would by-pass the wholesaler and the retailer in the distribution of his products if the?
ADemand is widespread
BWholesaler and retailer lack office accomodation
CVolume of production is high
DThe product make-up and use are highly technical
EManufacturer has no warehouse
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Question 1001
waec1991
Restoring the insured to his former position by the insurer in the event of his suffering the specified loss is called?
ASubrogation
BCompensation
CIndemnity
DContribution
ESurrender value
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Question 1002
waec1991
The two main categories of marine losses are?
ATotal loss and partial loss
BTotal loss and particular average loss
CTotal loss and constructive total loss
DTotal loss and actual total loss
EPartial loss and constructive total loss
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Question 1003
waec1991
A service provided by NITEL through which one can dial any number one wants whether it is a local, trunk or overseas is called the?
AInternal Communication System
BStandard Dialling System
CSubscribers Dialling System
DInternational Telecommunications
ECoded Dialling Order
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Question 1004
waec1991
Which of the following is not provided by NIPOST?
APrivate Mail Bag
BRecord Delivery
CBusiness Reply Service
DTelegram
EPoste Restante
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Question 1005
waec1991
The total assets acquired for permanent use in a business concern is called?
ACurrent assets
BFixed assets
CCalled-up capital
DWorking capital
EAuthorized capital
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Question 1006
waec1991
A customer is granted an overdraft by the bank subject to his operating a?
ASavings account
BFixed-deposit account
CCall-deposit account
DCurrent account
ELoans account
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Question 1007
waec1991
An application form which is filled by anyone taking out an insurance policy is called?
AA policy form
BA claims form
CA proposal form
DA questionnaire
EAn entry form
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Question 1008
waec1991
Debentures are part of a company's?
AAuthorized share capital
BIssued share capital
CPaid-up capital
DLoan capital
ECalled-up capital
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Question 1009
waec1991
The insurance cover on property being shipped from one location to another comes under?
ABurglary insurance
BFire insurance
CMarine insurance
DAnnuity insurance
EComprehensive automobile insurance
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Question 1010
waec1991
The technique of controlling money supply through the purchase and sale of government bond is called?
