An association to which all chambers of commerce in Nigeria are affiliated is the?
- A. Nigeria Labour Congress
- B. National Association of Chambers of commerce, industry, Mines and Agriculture
- C. Nigeria Association of Chambers of commerce, industry, Mines and Agriculture
- D. Nigeria Stock Exchange
The pooling of business information for the benefit of members is a major function of a?
- A. pressure group
- B. trade association
- C. cultural group
- D. trade union
A crossed cheque with the inscription ‘not negotiable’ must be paid into the?
- A. current account of the drawer
- B. current account of the payee
- C. savings account of the payee
- D. fixed account of the payee
When ‘FOB’ is written on a document, it implies that the buyer bears the?
- A. cost of goods and advert
- B. loading costs and insurance
- C. insurance and transport costs
- D. transport and communication costs
A document sent by a seller to inform a buyer about the prices of goods is the?
- A. catalogue
- B. price list
- C. credit note
- D. proforma invoice
Most of the barriers to international trade have been eliminated through?
- A. diversification
- B. globalization
- C. commercialization
- D. privatization
Balance of payments is made up of?
- A. visible and current items
- B. invisible and capital items
- C. current and capital items
- D. visible and invisible items
A warehouse which is used to store goods whose customs duty is not yet paid is a?
- A. wholesale warehouse
- B. bonded warehouse
- C. public warehouse
- D. branded warehouse
A type of retail trade where a group of similar stores which is owned by a firm operates in different locations is a?
- A. conglomerate
- B. chain stores
- C. departmental store
- D. suppermarket
A source of capital that has elements of debt and equity is a?
- A. debenture
- B. warrant
- C. loan
- D. share
A person who buys new issues with a view of reselling at a higher price in the near future is referred to as a?
- A. bull
- B. bear
- C. dealer
- D. stag
A trader who gives credit stands to enjoy?
- A. higher profit
- B. cash discount
- C. increased sales
- D. trade discount
An account maintained with a commercial bank for the purpose of foreign exchange transaction is the?
- A. foreign account
- B. international account
- C. domiciliary account
- D. foreign reserves account
In order to prevent Liquidity in commercial banks, the central banks uses?
- A. moral suasion
- B. fiscal policy
- C. reserve ratio
- D. taxation
The components of capital employed in a business are?
- A. owners' equity and long-term debts
- B. total assets and current liabilities
- C. share capital and long-term debts
- D. share capital and current liabilities
The cheapest source of funds available to a company is through?
- A. the sale of shares
- B. retained profits
- C. the sale of bonds
- D. lease financing
A proposed company may not be registered if?
- A. the name conficits with that of another
- B. it does not put 'limited' after its proposed name
- C. it has no paid-up capital
- D. it has no asset of its own
A document which gives a legal status to a company is the certificate of?
- A. incorporation
- B. trading
- C. commencement of business
- D. business registration
The promotion of savings culture is a feature of a?
- A. trade association
- B. consumers' cooperative society
- C. thirft cooperative society
- D. business association
The quality and quantity of production mostly depend on the?
- A. effectiveness of factors
- B. availibility of factors
- C. level of education of enterpreneurs
- D. level of cooperation among workers