Question 1 of 20 4,313 total questions
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
The powers of attorney that transfers to a third party the shareholders right to vote is called?
A warrant
B shareholder's benefit
C proxy
D bond
E rights issue
Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?
A trade union
B co-operative societies
C trade association
D chamber of commerce
E manufacturers association
Which of the following is not required for the dissolution of a partnership?
A Experiation of partnership deed
B Termination of the venture
C One partner notifying the other of his intention to dissolve it
D mutual consent of the partners
E Order from the registrar of companies
Whichof the following is not true of limited partnership?
A Every member is a limited partner
B All members are general partners
C All members are limited liability
D There is at least one ordinary partner
E Limited and ordinary members must be equal in number
A partnership is formed for banking business is made up of?
A 2 - 10 members
B 2 -20members
C 2 - 30 members
D 2 - 40 members
E 2 - 50 members
The insured is the?
A insurance company
B insurance company's client
C insurance broker
D insurance agent
E insurance manager
Under the law of insurance, exemption causes?
A enable the insurance to claim on the insurance company
B protect the insurance company under the contract
C guard against occurrence of the insured events
D protect a third party under the contract
E protect the insured against the insurance company
The worth of a life insurance policy be maturity date is known as?
A principal value
B surrender value
C accumulated value
D prepaid value
E accrued value
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