Question 1 of 20 103 total questions
The two main categories of marine losses are?
A Total loss and partial loss
B Total loss and particular average loss
C Total loss and constructive total loss
D Total loss and actual total loss
E Partial loss and constructive total loss
A service provided by NITEL through which one can dial any number one wants whether it is a local, trunk or overseas is called the?
A Internal Communication System
B Standard Dialling System
C Subscribers Dialling System
D International Telecommunications
E Coded Dialling Order
Which of the following is not provided by NIPOST?
A Private Mail Bag
B Record Delivery
C Business Reply Service
D Telegram
E Poste Restante
The total assets acquired for permanent use in a business concern is called?
A Current assets
B Fixed assets
C Called-up capital
D Working capital
E Authorized capital
A customer is granted an overdraft by the bank subject to his operating a?
A Savings account
B Fixed-deposit account
C Call-deposit account
D Current account
E Loans account
An application form which is filled by anyone taking out an insurance policy is called?
A A policy form
B A claims form
C A proposal form
D A questionnaire
E An entry form
Debentures are part of a company's?
A Authorized share capital
B Issued share capital
C Paid-up capital
D Loan capital
E Called-up capital
The insurance cover on property being shipped from one location to another comes under?
A Burglary insurance
B Fire insurance
C Marine insurance
D Annuity insurance
E Comprehensive automobile insurance
The technique of controlling money supply through the purchase and sale of government bond is called?
A Bond control technique
B Exchange control technique
C Open market operations
D Price control mechanism
E Span of control technique
When a customer writes a cheque to withdraw cash from his current account, he is both the?
A Drawer and the Payee
B Drawee and the Payee
C Drawer and the Debtor
D Drawer and the Creditor
E Drawee and the Debtor
Which of the following is not a method of trade restriction?
A Exchange control
B Stock exchange
C Import licence
D Embargo
E Quota
Workers involved in mining, quarrying or fishing are engaged in?
A Secondary production
B Primary production
C Tertiary production
D The manufacturing industry
E The construction industry
Which of the following is a feature of Co-operative Societies?
A Each member has several votes during meetings
B Profits are shared on the basis of shares held
C All members have equal votes during meetings
D Members are not involved in running the business
E The welfare of members is not taken into consideration
Which of the following must be submitted to the Registrar of Companies before the company is incorporated?
A Articles of Association and Certificate of Incorporation
B Memorandum of Association and Certificate of Incorporation
C Articles of Association and Memorandum of Association
D Memorandum of association and Prospectus
E Certificate of Incorporation and Prospectus
Which of the following involves gathering and analysing information about demand, consumers wants and new products?
A Sales promotion
B Market research
C Personal selling
D After-sales service
E Physical distribution
The Act designed to reserve certain businesses exclusively for Nigerians is known as the?
A Sale of Goods Act
B Weights and Measures Act
C Nigerian Enterprises Promotion Act
D Standards Organization of Nigeria Act
E Trade Marks Act
The state of scientific knowledge and production process obtainable in a country is part of the?
A economic environment of business
B political environment of business
C legal environment of business
D techonolgical environment of business
E cultrual environment of business
The value stated on the share certificate as opposed to the current value is called?
A premium value
B exchange value
C nominal value
D discount value
E market value
One of the reasons for national of industries is?
A for efficient management
B to comtrol corruoption and nepotism
C increase the number of shareholders
D to control corruption performance of strategic industries
E to drive away foreign investors
The practice of selling in foreign markets at less than cost price is known as?
A fair trading
B over-invoicing
C smugging
D hedging
E dumping
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