Question 1 of 20 50 total questions
Given:
A 3:50 times
B 3:00 times
C 2:00 times
D 2:18 times
One advantage of a crossed cheque is that it can?
A only be paud into a savings account
B be cashed over the bank's counter
C only be paid into the owner's account
D be cashed by anyone
A good financial instrument which serves as a hedge against inflation is?
A a bond
B a share
C an opion
D a warrant
To increase the supply of money in a country, the central bank has to?
A reduce cash ratio
B sell securities
C call on special deposits
D raise cash ratio
The fixed and current assets of a business are called?
A called up capital
B capital employed
C paid-up capital
D authorized capital
The major participants in the stock market when stock prices are rising generally are the?
A bulls
B registrars
C bears
D companies
The excess of the assets over the liabilities of a business is called?
A working capital
B net worth
C capital employed
D initial capital
From which of the following sources can partnerships increase their capital?
A Admission of a new partner
B Sale of shares
C Discharge of a mortage
D initial capital
Initial public offering is undertaken through the?
A secondary securities market
B first-tier securities market
C primary securities
D second-tier securities market
The market where only indigenous firms are considered is the?
A money market
B second-tier securities market
C local market
D stock exchange
The bank that discount bills of exchange is the?
A central bank
B mortage bank
C development bank
D comercial bank
Invisible imports consist of?
A cement, shipping and consultancy services
B banking, drinks , insurance and technical services
C consultant services, tourism and banking
D tourism, banking and canned food and cement
In Nigeria, the ministry in charge of registering trade associations is that of?
A industries
B commerce
C culture and tourism
D finance
Wholesalers can be divided into?
A sales agent and brokers
B full service
C cooperative wholesale society and limited service wholesalers
D merchant wholesales and egent middlemen
The association that comprises all types of businesses is referred to as?
A chamber of commerce
B trust
C trade association
D cartel
Which of the following confirms the accuracy of the duty charged on imported goods?
A An indent
B Consular invoice
C Consignment note
D Shipping note
Which of the middlemen in the channel of distribution has tittle to the goods he distributes?
A The merchant wholesaler
B The agent
C The limited wholersaler
D The retailer
A major function of a chamber of commerce is?
A increaseing productivity
B promoting both home and foreign trade
C promoting trade in a particular line
D maximizing profit
A type of credit offered by both commercial and merchant banks in Nigeria is?
A trade credit
B line of credit
C discounting facility
D overdraft
A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?
A promissary note
B bankdraft
C banker's order
D travellers' cheque
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