Question 1 of 20 2,221 total questions
Commercial banks usually settle their interbank indebtedness through the
A money market
B clearing house
C discount house
D stock exchange
The term "utmost good faith" in insurance requires that the insured must
A make profit from any loss suffered
B receive his compensation fully in the event of loss
C disclose all relevant facts on what is being insured
D pay his premium regularly
Which of the following is the main purpose of a third party insurance? To
A indemnify an injured outsider
B indemnify the insured
C protect the vehicle against theft
D compensate the driver for injuries sustained
The reduction in the value of a country's currency in relation to other country's currencies is
A devaluation
B inflation
C deregulation
D fluctuation
Any activity aimed at finding out the wants of consumers and supplying them at a profit is referred to as?
A promotion
B marketing
C segmentation
D penetration
Which of the following is not reason for nationalization
A Encouraging foreign investors
B Reducing the remittance of profits abroad
C Training local enterpreneus
D Controlling the country's key industries
The process of putting goods in attractive packets to arouse the interest of customers is
A collation
B wrapping
C branding
D packaging
The monopoly right granted to an inventor is a
A trademark
B brand name
C patent
D copyright
Who among the following is a middlemen?
A Manufacturer
B Agent
C Insurer
D Consumer
The process of taking over the management and control of a privately owned business by government is
A indigenization
B nationalization
C participation
D privatization
It is safer and quicker to transport petrol and gas by
A rail
B road
C pipeline
D air
In a limited partnership, one of the members must be
A a general partner
B a nominal partner
C an active partner
D a dormant partner
Demurrage is paid by a vessel for
A overloading
B travelling along unplanned route
C delaying at the port
D not using the services at the wharf
The principle where many insurance companies join to compensate one policy holder is called?
A contribution
B subrogation
C compensation
D indemnity
A specialized market where stocks and shares are bought and sold is
A money market
B commodity exchange market
C perfect market
D stock exchange market
The amount the assured receives if he decides to discontinue the life policy is known as
A refund value
B net value
C surrender value
D sum assured
Which of the following is not the duty of an agent to the principal?
A Acting in good faith
B Rendering accurate account
C Disclosing all profits made
D Making secret profit
The speculator who applies for a new issue of shares without the intention of keeping them is
A bull
B stag
C bear
D jobber
The beneficiary of a cheque is called
A acceptor
B drawee
C drawer
D payee
Which of the following institutions does not belong to the capital market
A Commercial banks
B Development banks
C Mortgage banks
D Insurance companies
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