Question 1 of 20 52 total questions
The method of sending message by the teleprinter?
A telephone
B cable gram
C telex
D railex
In a public Limited Liability Companies, equities are referred to as?
A preference shares
B authorized capital
C ordinary shares
D called-up capital
In a public Limited Liability Companies, equities are referred to as?
A preference shares
B authorized capital
C ordinary shares
D called-up capital
When an insurance company indemnifies the insured and takes over his rights, this is known as?
A abandonment
B subrogation
C proximate cause
D contribution
When an insurance company indemnifies the insured and takes over his rights, this is known as?
A abandonment
B subrogation
C proximate cause
D contribution
A retirement insurance policy which enables the assured to receive income for a specific period is?
A annuity
B endowment
C whole life
D fidelity guarantee
Which of the following services is not rendered by commercial banks?
A Business advice
B Currency notes issue
C Accepting deposits
D Credit transfer
Which of the following encourages people to save towards owning a house?
A Merchant bank
B Development bank
C Mortgage bank
D Commercial bank
Which of the following is a means of payments through the post office?
A Standing Order
B Promissory note
C Money order
D Telegraphic transfer
When a customer writes a cheque in his name and withdraws cash with it from his account he is both the?
A drawee and the payee
B drawer and the payee
C drawee and the drawer
D drawer and the payee
Which of the following is not a financial institution?
A Commodity Board
B Insurnace company
C Clearing house
D stock exchange
A bill of exchanged on maturity is allowed?
A seven days of grace
B five days of grace
C four days of grace
D three days of grace
Which of the following is not a means of payment in foreign trade?
A Telegraphic money order
B Specially crossed cheque
C Letters of credit
D Debit transfer
Which of the following refers to a price reduction based on the size of order?
A Cash account
B Trader discount
C Seasonal discount
D Cash on discount
The abbreviation phrase E & OE is usually printed on?
A an invoice
B a cheque
C a delivery note
D a debit note
Which of the following is sent in reply to a letter of enquiry?
A Quotation
B Order
C Consumer invoice
D Advice note
The production of good in anticipation of demand is possible because of the existence of?
A packaging
B advertising
C warehousing
D branding
A merchant who wishes to order goods from a foreign country sends?
A an invoice
B an indent
C an advice note
D a credit note
A merchant who wishes to order goods from a foreign country sends?
A an invoice
B an indent
C an advice note
D a credit note
Which of the following is not a function of a retailer?
A Supplying goods to final consumers
B Bulk breaking
C Giving information to the wholesaler
D Branding and packaging of goods
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