Question 1 of 20 150 total questions
Which of the following types of cheque protects the holder against the risk of loss?
A Open cheque
B Bearer cheque
C Post dated cheque
D Crossed cheque
Which of the following is a customer service?
A Delivery
B Merchandizing
C Branding
D Market research
ECOWAS is form of?
A economic union
B political union
C trade union
D free trade association
ECOWAS is form of?
A economic union
B political union
C trade union
D free trade association
A label on a product such as "Three Crown Milk" is a form of?
A patent right
B branding
C copy right
D packaging
Which of the following is a disadvantage of the use of teleprinters in communication?
A Transmission speed is slow
B Pictures cannot be transmitted
C Transmission quality is poor
D It cannot transmit during bad weather
A certificate of incorporation is best favour by?
A ordinary post
B recorded delivery
C express mail
D Parcel post
Which of the following does not influence the choice of means of transport?
A Discount
B Value of goods
C Urgency
D Brand of vehicle
The term legal tender refers to?
A coins and cheques
B coins and bank notes
C cheques and bank notes
D postal and money orders
Who among among the following is not function of a stock exchange market?
A Bull
B Broker
C Jobber
D Promoter
Which of the following is not function of money? it?
A is a medium of exchange
B serves as a store of value
C is easily recognizable
D make deferred payments possible
The principle of subrogation imposes an obligation on the insured to?
A disclose all material information
B have financial risks in object insured
C collect compensation from only insurer
D surrender legal rights after compensation
Hull insurance is taken to cover?
A injury to the crew of the ship
B non-payment of freight
C damage to the cargo
D damage to body of the ship
The transfer of risks already undertaken from insurance one insurance company to another is?
A over-insurance
B re-insurance
C under insurance
D group insurance
The minimum charge at which the Central Bank lend to commercial banks is called?
A discount rate
B bank rate
C market rate
D interest rate
When shares are fully paid they can be converted into?
A bonds
B debentures
C stocks
D treasury bills
The drawer of a bill of exchange which is not discount is also the?
A 30 days
B 2months
C 6 months
D 12 months
The trade document signed by a representative of the country to which is not discounted is also the?
A consular invoice
B certificate invoice
C consignment invoice
D proforma invoice
Which of the following is sent by a customer who wishes to know the price, quality and terms of sale of a product?
A Quotation
B Letter of Enquiry
C Proforma invoice
D Advice note
An agreement by which a buyer pays instalmentally but does until final settlement is made is?
A hire purchase
B deferred payment
C conditional sale
D features trading
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