Question 1 of 20 81 total questions
Which of the following is a non-insurable risk?
A Loss from fire accident
B Loos from accident and sickness
C Fidelity guarantee
D Burglary
E Loss from staking in lotteries
Commercial banks deposits with the Central Bank help to?
A increase loan prospects
B control the supply of money credits
C check bank frauds
D increase bank customers
E encourage rural banking services
An order stating the goods required but not the manufacturer from whom the foreign buyer intends to buy his goods is called?
A Indent
B Open indent
C Closed indent
D Export order
E Import order
A cheque dated 5/8/91 was dishonoured because it was a?
A Certified cheque
B Marked cheque
C Specially crossed cheque
D Post-dated cheque
E Stale cheque
A deduction made by a wholesaler from the catalogue price and which represents a retailer's profit margin is called?
A Cash discount
B Deferred discount
C Trade discount
D Quantity discount
E Cash on delivery
A cheque that is drawn in the name of a bank instead of the account holder's name is called?
A Bank statement
B Bill of exchange
C Specially crossed cheque
D Certified cheque
E Bank draft
A modern method of retailing whereby customers can make their purchases without the help of an assistance or cashier is called?
A Impulse buying
B One-step-shopping
C Self service
D Automatic vending
E Auction sales
Which of the following organizations aim primarily at protecting the consumer?
A Standards Organization of Nigeria
B Chambers of Commerce
C State Security Service
D Nigeria Red Cross Society
E Manufacturers Association of Nigeria
The system of collecting information with a view to determining the extent of demand for a product is known as?
A advertising
B marketing research
C marketing
D marketing segementation
E communication
Which of the following ancillary service helps to maintain close contact between buyers and sellers?
A Tansport
B Insurance
C Banking
D Communication
E Advertising
The following factor must be considered before setting up a retail business except?
A capital
B experience
C location
D size of market
E public relationship
In large offices where a large number of mails is posted daily,which of the following quickens the stamping of envelopes?
A Franking
B Collating
C Sorting
D Trimming
E Shredding
Bonded warehouse are controlled by?
A wholesale merchants
B Co-operative wholesale society
C Shipping and forwarding agencies
D Customs and Excise authorities
E Freight forwarders
Parties to bill of exchange that is endorsed to a third party are the?
A drawer, payee, creditor
B drawer, drawee, debtor
C payee, drawee, debtor
D drawer, drawee, payee
E creditor, debtor, drawer
Organization licensed and authorized to deliver fast malls, and parcels are engaged in?
A courier services
B career services
C post-free sevices
D haulage services
E transport services
A bill of lading is best described as the?
A document of title to, the goods on board a ship
B certificate of value for the goods on board
C evidence of payment of customs duties
D certified of goods
E certified of quality of goods imported
In foreign trade, a country specializes in the production of a commodity in which it has?
A high production potentials
B the greatest relative advantage
C a large market
D political influence
E the highest relative cost
Commerce increases the utility of goods by making them available when they are wanted. This function is performed by the use of?
A banks
B insurance
C transport
D advertising
E warehousing
The difference between the value of imports of goods for a particular year is known as?
A balance of payment
B balance sheet
C balance of trade
D terms of trade
E terms of payment
A charge is specified cross if?
A it has two parallel lines across it
B the words & Co are written in between the lines?
C the name of a bank is written across it
D the words not negotiable are written across it
E the name of the banker on the cheque
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