Question 1 of 20 2,221 total questions
A telephone call within a town is called?
A home call
B trunk call
C district call
D zonal call
E local call
The main disadvantage of rail transport to traders is that?
A it carries bulky goods only
B its cost of carriage is high
C it is slow and flexible
D it causes road congestion
E it travels on schedule
Which of the following is not a necessary seaport facility?
A Berth
B Warehouse
C Containers
D Cranes
E Tramac
A bill holder wishing to dispose of his bills before maturity would be paid?
A the discount value of the bill
B the present value of the bill
C the premium on the bills only
D the accumulated interest on the bills
E total face value of the bills with the premium
Which of the following is not a means of effecting payment through current account?
A Cheques
B Standing orders
C Giro system
D Credit transfer
E Credit card
Which of the following is not a means of money?
A Divisibility
B Portability
C Accessibility
D Recognizability
E Durability
Through which of the following does the central Bank carrying out the monetary policy of the country?
A Discounting bills
B Banks rate
C Granting overdrafts
D Acting as lender of last resort
E Acting as banker to commercial banks
When a cheque has special crossing it should be?
A cashed by the drawer
B cashed over counter
C Paid into a named bank
D paid to the drawee
E paid into Central Bank
Which of the following institutions provides the volume of credit to the public?
A Building societies
B Mail order business
C Department stores
D Finance houses
E Bank
Which of the following is the the main aim of the Indigenization Decree?
A alleviate the effect of inflation
B eliminate foreigners from Nigerian economy
C remove all obstacles to commercial activities
D allow Nigerians greater participation in commercial activities
E alleviated the effect of depressed economy
An important marketing concept is that all company planning and operations should be?
A profit-oriented
B company-oriented
C organization-oriented
D dividend-oriented
E customer-oriented
Which o the following is not a component of a company's marketing mix?
A Production planning and price structure
B Promotional plan
C Distribution plan
D Economic plan
E Public relations plan
Information on new goods is passed on to buyers through?
A wholesale trade
B retail trade
C market research
D advertising
E the manufacturer
Which of the following is primarily responsible for protecting against poor quality goods?
A Nigerian National Supply Company
B Manufacturers Association of Nigeria
C Industrial Arbitration Panel
D Standards Organization of Nigeria
E Nigeria Chambers of Commerce
The management of evaluating the company's performance to determine whether it is achieving its objective is?
A controlling
B directing
C organizing
D planning
E consulting
Which of the following is not a true characteristic of a Chamber of Commerce?
A It is not for profit making
B It is open only to political party members
C It is democratically administered
D It is a voluntary organization
E It is independent of government control
Which of the following functions is performed by the stock exchange markets?
A Provision for bulk purchase
B Issuing of treasury bills
C Provision of the purchase and sale of existing securities
D Discounting bills of exchange
E Providing for short-term investment
Which of the following is a disadvantage of Hire Purchase to the consumer?
A Its increases turnover
B Temptation to buy more than one can pay for
C It demands more capitals from the seller
D Increased sales lower the seller's units cost
The three main types of speculators found in the Stock Exchange market are?
A stags, brokers, and bulls
B bulls, bears, and stag
C bears, jobbers and jobbers
D bulls, brokers and bears
E stags, agents and jobbers
Which of the following conditions may make the manufacturer sell directly to the consumer?
A brake in communication
B Inaccessibility of the wholesaler's warehouse
C The nature of the commodity involved
D inadequate transport facility
E Trade imbalance
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