Question 1 of 20 2,221 total questions
The liquid assets of commercial banks are
A treasury bills, bills of exchange and cash
B cash, current account and other money-bearing assets
C deposit accounts and cash
D cash only
Which of the following gives businessmen the opportunity to buy shares of public limited companies?
A insurance companies
B commercial banks
C discount houses
D the stock exchange
Which of the following services is rendered by Central Bank?
A provision of brokerage services
B safe keeping of cash and valuables
C discounting bills of exchange
D issuing currency notes
The primary objective of insurance is to
A prevent accidents
B meet uncertainties in future
C give loan to business men
D control the flow of cash
A bill of exchange is made up more negotiable if it has been
A endorsed
B accepted
C honoured instantly
D given special crossing
A bill of exchange is made more negotiable if it has been
A endorsed
B accepted
C honoured instantly
D given special crossing
C % F as a price quotation in foreign trade means that the buyer
A is responsible for clearing and forwarding the goods
B has to pay for cost and freight
C pays for both the freight and insurance
D pays for insurance only
Which of the following abbreviations permits the seller to correct any error in an invoice?
A F.O.R
B C.I.F
C C.E % O.E
D I.O.U
The aid to trade responsible for the preservation of perishable items is
A warehousing
B insurance
C transportation
D warehousing
Terms of trade refers to
A agreement between two trading countries
B the difference between the value of imports and exports
C the relationship between export and import prices
D all payments made to other countries and reciepts of them
Which of the following is not a function of the Ports Authority
A controlling pollution in rivers
B providing parking space for vehicles
C providing storage and warehousing facilities at the docks
D providing facilities for water traffic movement
The most acceptable means of payment in foreign transaction is
A personal cheques
B central bank cheques
C irrevocable letters of credit
D bankdrafts
Which of the following is regarded as a document of title in foreign trade?
A consular invoice
B bill of lading
C bill of sight
D certificate of origin
Manufacturers sell directly to consumers when they
A want to make profit
B wish to eliminate all transport costs
C live far away from them
D deal in perishable goods
Which of the following distinguishes supermarkets from other retail outlets
A use of self-service
B standard shop fronts
C sale of food items and household goods
D provision of parking spaces and delivery services
Which of the following makes sales possible without a sales attendant ?
A telex machine
B fax machine
C vending machine
D franking machine
A very effective way of resisting the producer's exploitation is to
A ban the producer
B campaign against the company
C form consumer's association
D form a trade union
Which of the following is a duty of the Employers Association?
A procuring raw materials at regular intervals
B establishing a uniform wage scale
C negotiating with the government on sites for firms
D discharging workers when production is low
Dividend is always expressed as a percentage of total
A earnings of a business
B value of shares owned
C working capital
D volume of business
The working capital of a firm is calculated as
A current assets minus current liabilities
B current liabilities minus fixed assets
C value of all assets
D value of issued capital
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