Question 1 of 20 4,313 total questions
Which of the following is a function of a stock broker
A Provision of short-term capital
B Giving investment advice
C Regulation of stock exchange practices
D Granting of loans to investors
When a quotation is marked C.W.O , it means
A no credit facility is allowed
B no discount is allowed
C the buyer should beware
D the seller should beware
Time policy in insurance is associated with
A motor vehicles
B ships at sea
C life endowment
D goods in transit
A retail outlet is described as a multiple shop when it
A has many shops under one roof
B sells goods which are not standardized
C sells through catalogue
D deals in one line of goods
If the amount of dividend paid varies according to the level of profit; what type of share is involved?
A Cumulative preference share
B Preference share
C Deferred share
D Ordinary share
Postage marks can be printed on letters and parcels using
A Teleprinter machine
B facsimile machine
C folding machine
D franking machine
C.O.D transactions are associated with
A mail order firms
B mobile shops
C supermarkets
D multiple shops
Which of the following organizations aims at providing relief for countries facing adverse balance of payment?
A A.C.P
B G.A.T.T
C U.N.C.T.A.D
D I.M.F
A set of measures pursued by an organization in order to maintain goodwill in its environment is referred to as
A human relations
B public relations
C personal relations
D organizational set up
Which of the following is the correct sequence in which the following documents are used?
A Order, delivery note, debit note, invoice, statement
B Order, advice note, debit note,invoice,statement
C Order, statement, delivery note, invoice, debit note
D Order, delivery note, invoice, debit note, statement
A seller quoting his goods loco price means that
A all charges are borne by the seller
B all charges are borne by the buyer
C the seller pays carriage as far as the buyers warehouse
D the price includes cost, insurance and freight
Which of the following is not suitable for hire purchase?
A Textiles
B Furniture
C Refrigerators
D Printing machine
Which of the following encourages trade between regions?
A Differences in currencies of countries
B Difference in national income of countries
C Existence of trade associations
D Differences in natural resources
A rate at which the central bank discounts first class bills
B rate at which a country's exports exchange for its imports
C expected rate of returns on an investment
D rate of payment for goods and services purchased
Which of the following is a feature peculiar multiple shops?
A Central Location
B Self Service
C Central Buying
D One stop shopping
A manufacturer of goods that are seasonally demanded will be in dire need of a
A wealthy customer
B suitable means of transport
C warehouse
D large house frontage
Which of the following will not be considered in choosing a channel of distribution?
A Nature of product
B Preferences of customers
C Volume of sales
D Quality of product
Who among the following cannot be regarded as an itinerant trader
A Gypsy
B Barrow boy
C Pedlar
D Stall owner
A bank's undertaking to pay an exporter on behalf of an importer is a
A documentary credit
B letter of credit
C letter of hypothecation
D bill of exchange
An organization formed mainly by traders on the same line of business is known as
A trade union
B cooperative society
C trade association
D chamber of commerce
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