Question 1 of 20 97 total questions
The entertainment industry is classified under
A extractive industry
B manufacturing industry
C constructive industry
D commercial industry
The practice of selling goods in foreign countries at lower prices than obtainable int he exporting country is known as
A entrepot trade
B dumping
C hedging
D counter trade
In insurance, risks that have no statistics for their calculations are
A insurable risks
B certain risks
C un-insurable risks
D uncertain risks
The throwing of goods over board to prevent a ship from sinking is known as
A floatsam
B abandonement
C jettison
D particular average
Buildings and machinery purchased for use in business are examples of
A current assets
B fixed assets
C capital employed
D paid up capital
Small-scale retailers continue to exist in spite of the dominance of large firms because they
A render personal service
B employ few salesmen
C can raise large capital from relatives
D deal in specific goods
The target of all marketing activities is the
A consumer
B middleman
C producer
D distributor
Consumer protection council places an obligation on producers to ensure that their products
A are wholesome and safe
B are cheap
C do not evade customs examination
D are branded
A principal member of the stock exchange who buys and sells securities on his own is a
A jobber
B promoter
C broker
D speculator
The central bank sometimes calls for special deposits from the commercial banks in order to
A reduce bank lending
B increase bank lending
C withraw defaced currencies
D issue notes and coins
Debentures which are secured by the fixed assets of a company are called
A Mortgaged Debenture
B Naked Debenture
C Redeemable debenture
D irredeemable Debenturs
An individual or company that engages in the transportation of any type of goods for a fee is called a
A common carrier
B hawker
C porter
D clearing agent
Which of the following is a function of marketing department in a firm?
A Add value to goods and services
B Protect those who engage in business transactions
C initiate general policies in the organization
D Handle all staff masters in the system
A firm that specializes in packing and shipping of goods is known as a
A forwarding agent
B general agent
C del credere agent
D cargo handling company
A person who gave his building as a security for loan is known as a
A trustee
B mortgagee
C mortgagor
D guarantor
A retail outlet with many branches all dealing in similar line of goods is described as a
A department store
B supermarket
C chain store
D hypermarket
An insurance principle which prevents an insured from making profit when compensated is known as
A proximate cause
B indemnity
C insurable interest
D utmost good faith
The term "fiduciary issue" means
A money issued without gold backing
B money issued with gold backing
C money issued as currency note
D gold reserve
A system of sales where goods are sold to the highest bidder is known as
A credit sale
B hire purchase
C clearance sale
D auction sale
In the absence of the bill of lading, which of the following is used o clear the goods
A Bill of sight
B Dock warrant
C Certificate of Origin
D Mate's receipt
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