Question 1 of 10 50 total questions
A typical example of an event covered by an Assurance Policy is
A accident
B burglary
C death
D fire
E theft
The components of a balance of payments account are
A capital, current and fixed deposit
B capital, savings and fixed deposit
C current, capital and monetary movement
D current, savings and monetary movement
E current, savings and fixed deposit
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
A advice note
B credit note
C debt note
D invoice
E pro-forma invoice
The most important document an importer requires to be able to clear his goods from the harbour is
A bill of exchange
B bill of lading
C bill of sale
D invoice from the shopper
E marine insurance
Association of people in the same line of business is known as
A chambers of commerce
B holding company
C monopolistic association
D producers association
E trade association
Bonded warehouse is controlled and supervised by
A customs
B immigration
C navy
D police
E quarantine
Tariff can be defined as a compulsory levy on
A foreign exchange earnings
B foreigners working in Nigeria
C imported goods only
D import and export
E substitutes and inferior goods
Use the information below to answer this question.
A consideration
B entitlement
C fees
D money
E offer
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
A contribution
B indemnity
C insurable interest
D subrogation
E utmost good faith
The association that encourages savings for the benefit of its members is known as
A Consumer co-operative society
B Credit and thrift co-operative society
C Consumer association
D Producer co-operative society
E Producer association
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