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A document showing that a person has shipped certain goods through a named ship is
Abill of lading
Bbill of exchange
Cdock warrant
Dbill of entry
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Question 2
waec2007
A specialist on the stock exchange who buys and sells securities in his own name is a
AStag
BBull
CBroker
DJobber
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Question 3
waec2007
Which of the following refers to the division of market into identifiable sub-markets
AMarket research
BMarket segmentation
CMarket penetration
DMarketing mix
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Question 4
waec2007
Which of the following is an advantage of transportation by sea?
AGoods can be delivered from door to door
Bit is a cheaper means of transporting goods
Cit is accident free
Dit is the fastest means of transport
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Question 5
waec2007
Which of the following provides evidence of receipt of an important document sent through the post?
ARecorded delivery service
BAir mail service
CLetter post
DExpress delivery service
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Question 6
waec2007
Which of the following is not a means of water transport
ALiner
BTanker
CTruck
DBarge
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Question 7
waec2007
A document showing full details of the goods and passengers carried in a ship or aircraft is
ABill of lading
BAirway bill
CManifest
DIndent
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Question 8
waec2007
Which of the following involves the delivery of mails to a traveler without a fixed address
ASpeedpost
BReply paid
CRecorded delivery
DPost restante
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Question 9
waec2007
If the charterer delayed the ship beyond the lay days, he is asked to pay
Adead freight
Bdemurrage
Clump sum
Dfreight
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Question 10
waec2007
Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot.
The amount D60,000 quoted represents
APremium
Bsum insured
Ccontribution
Dcompensation
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Question 11
waec2007
Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot.
Which of the following insurance principles will prevent her from claiming compensation?
Aindemnity
Binsurable interest
CProximate cause
DUtmost good faith
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Question 12
waec2007
Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot.
Which of the following insurance principles was breached by Madam Tope?
AInsurable interest
BContribution
CUtmost good faith
DSubrogation
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Question 13
waec2007
An open cheque is one
Aon which the amount is written only in figures
Bwhich has no name
Cwhich can be cashed over the counter
Dwhich has no specific amount written on it
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Question 14
waec2007
Which of the following is referred to as the oldest form of insurance?
AMarine insurance
BBurglary insurance
CWhole life insurance
DAccident insurance
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Question 15
waec2007
Which of the following is legal tender
ABank notes
BBank drafts
CCentral bank cheque
DTraveller's cheque
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Question 16
waec2007
Treasury bills are bought and sold in the
ACapital market
BOpen market
CCommodity market
DMoney market
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Question 17
waec2007
Which of the following is not a function of the Central Bank
ABanker to the government
BBanker's bank
Cissuance of currency notes
DGranting loans to the public
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Question 18
waec2007
Which of the following is not a reason for dishonoring a cheque?
Ainsufficient funds in drawer's account
Bwhen the cheque is stale
CAmount in figure differs with amount in words
DPoor handwriting
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Question 19
waec2007
A limited company can raise long term capital through the
Acommodity market
Bstock exchange market
Cexport market
Dforeign exchnage market
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Question 20
waec2007
Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a
