Question 1 of 20 144 total questions
Which of the following is not a function of the ports Authority?
A Ensuring safe movement of ships
B Collecting import and export duties
C Providing warehouse services
D Ensuring law and order in the harbours
When a bill is paid before its date at a lesser value, it is?
A accepted
B discounted
C dishonoured
D retired
Which of the following is not used to correct adverse balance of payment?
A Increasing imports
B Increasing exports
C Decreasing import
D Devaluation
The extra commission for pledging full settlement of the wholesaler to the manufacturer?
A Warehousing
B Quality Control
C Financing
D Bulk -breaking
An agent who takes possession of goods and sells in his own name is known as?
A a broker
B a del credere agent
C an auctioneer
D a factor
An agent who takes possession of goods and sells in his own name is known as?
A a broker
B a del credere agent
C an auctioneer
D a factor
A price quotation that covers the cost of goods and all other expenses incurred in delivering the goods to the buyer is called?
A document from a seller which corrects an under-charge on a buyer's account is known as?
A proforma invoice
B credit note
C debit note
D statement of account
Which of the following abbreviations indicates that the seller reverse the right to correct errors on the invoice
A E & O.E
B C.I.F
C C.O.D
D C.W.O
All human efforts geared towards the production of goods and services is?
A entrepreneurship
B labour
C capital
D occupation
Which of the following is a creditor legally bound to accept for settlement of a debt?
A Bank draft
B Bank note
C Money order
D Cheque
Which of the following is a creditor legally bound to accept for settlement of a debt?
A Bank draft
B Bank note
C Money order
D Cheque
Agriculture operative banks are best classified under?
A commercial banks
B savings banks
C merchant banks
D specialized banks
A bundle of shares is called?
A stock
B bonus issue
C debenture
D rights issue
The authority given to a bank to make regular payments on behalf of a customer for a specified purpose is known as?
A bank draft
B credit transfer
C standing order
D certified cheque
A person which decides what to produce and combines the other factors of production is the?
A entrepreneur
B distributor
C engineer
D retailer
The act of keeping products in good condition until they are needed is?
A Insurance
B warehousing
C communication
D advertising
Which of the following is not a means of payment in foreign trade?
A Telegraphic transfer
B Cheque
C Letter of credit
D Bill of exchange
Which of the following means restoring the issue to position he was just before the loss occurred
A Indemnity
B Subrogation
C Proximate cause
D Utmost good faith
The expert who calculates premium for an insurance policy is?
A an underwriter
B an actuary
C a broker
D an assessor
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