Question 1 of 20 2,221 total questions
Which of the following is not an obligation of a common carrier?
A Carrying goods securely and safely
B Liability for losses and demages
C Delivery of goods at appropriate places
D insuring goods intransit
E passing through agreed routes
Buying and selling of goods and services within the geographical areas of a country is called?
A enterpot trade
B external trade
C domestic trade
D regional trade
E import trade
The factor of production which is described as wealth set aside for the the production of further wealth is called?
A emterpreneur
B land
C capital
D goodwill
E labour
Pure profits is the elements of the paid?
A for land
B for capital
C a manager
D to an enterpreneur
E for labour
Which of the following is gilt-edge security?
A Government bonds and stocks
B Gold mine stocks
C Company shares and stocks
D Life assurrance policy
E Bank stocks and securities
The part of business capital with which capital that does not change its form in the process of production is known as?
A circulating capital
B nominal capital
C liquid capital
D fixed capital
E working capital
The amount of new capitals with which a new company proposes to be registered is called?
A called-up capital
B nominal capital
C fixed capital
D issued capital
E circulating capital
A deficit in balance of trade occurs when?
A visible exports exceeds invisible imports
B total payments exceed visible exports
C visible imports exceeds visible exports
D invisible exports exceeds invisible imports
E visible exports exceeds invisible imports
Most payments in international trade are made by means of?
A cash
B bills of lading
C personal cheques
D letters of credit
E travellers cheques
Which of the following is an invisible export of Nigeria?
A Shipping services Nigeria renders to Russia
B Nigeria's crude oil to london
C banking services rendered to Americans resident in Nigeria
D Stockfish from Germany to Nigeria
E Nigeria groundnut to egypt
A trader who wants to buy goods from another country sends?
A an advice note
B an invoice
C a bill of exchange
D a statement
E an indent
If a businessman imports stockfish with a view to exporting them to other countries, this form of trade is known as?
A invisible trade
B entrepot trade
C export trade
D import trade
E bilateral trade
The receipt issued by a warehouse keeper for goods taken into the store is called?
A drawback warrant
B warranty
C divided warrant
D dock warrant
E custom warrant
A clean bill of leading is so-called because?
A the colour is pure, white
B it is not stained
C it is a document of authority
D it has no record of demage goods
E it could be tranferred to anybody
The activities of a company designed to stimulate consumers by giving them samples, premium, or conducting contests are referred to as?
A consumer protection
B marketing mix
C sales promotion
D marketing concept
E advertising
One disadvantage of advertising is that it?
A could be misleadiing through its false claims
B decrease sales
C makes new products known
D teaches the consumer the use of the advertise product
E creates employment
Which of the following describes a distinctive symbol title or design that readily identifies the company or its product?
A Trust
B Trade mark
C Trade name
D Branch name
E Copyright
Which of the following is a function of NIPOST?
A Issuing money order
B Issuing dividend warrants
C Issuing Travllers cheques
D Minting coins
E Printing trade journals
In which of the following would you advise Mr X Y to check and con firm the exact telephone number of a bank located in Ibadan?
A Post Office Guide
B Official Gazette
C Travellers' guide
D Private Branch Exchange
E Telephone directory
The means by which printed messages sent by cable are recorded is called?
A telegram
B poste restante
C telecommunication
D telephone
E telex services
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