Which of the following is NOT a function of the stock exchange market?
- A. providing long term loans to large scale enterprises
- B. encouraging people to buy shares and thereby providing capital for investment
- C. providing means of assessing the value of a firm's assets
- D. enabling firms to wind-up quickly in times of difficulties
A bank statement is a document
- A. ordering a bank to pay on demand a stated sum of money
- B. containing records of receipts, payments and balance on an account
- C. used for paying into bank account
- D. used for regular withdrawal of money from a savings account
A major liability of a commercial bank arises from
- A. customers' deposits
- B. loans and advances
- C. overdrafts
- D. staff allowance
which of the following sets of items was used for exchange in Nigeria before money was introduced?
- A. cowries, iron rods, brass rods and copper rods
- B. iron rods, copper rods, manilla and cowries
- C. cowries, manilla, brass rod andcopper wires
- D. copper wires, brass wires, cowries and iron rod
Berne union is also known as
- A. International Credit Union
- B. International Documentry Credit
- C. International Union of Credit and Investment Insurers
- D. export Credit Guarantee Scheme
The insurance policy which provides full cover against all risks at sea is known as
- A. Policy with Particular Average
- B. Policy Free of Particular Average
- C. Marine Freight Insurance
- D. Marine Voyage Policy Insurance
The practice by which an insurance company accepts a very large risk and later shares it with other insurance companies is called
- A. subrogation
- B. contribution
- C. re-insurance
- D. indemnity
The main advantage of road transport is that it is
- A. convenient and flexible
- B. cheap and direct
- C. common and fast
- D. safe and available
Spot market goods are those which are available for
- A. immidiate delivery
- B. short-term delivery
- C. long-term delivery
- D. end of the delivery
Freight note is a document
- A. used by government to transport goods from one country to another
- B. issued by a shipping company giving details of charges
- C. used for payment for imported goods
- D. given by an importer to pay for goods at a future period
What are the factors with which commercial undertaking can be distinguish?
I Size of the undertaking
II Profits generated
III Forms of ownership
IV Location of the undertaking
- A. I and II only
- B. I andIII only
- C. II and III only
- D. III and IV only
The lake Chad Basin commission was founded to enable member states
- A. expand the volume of water in the lake for fishing activities
- B. increase navigational activities on the lake
- C. dam the lake for electricity and agricultural purposes
- D. co-ordinate their efforts in managing the use of the lake's resources
The West African clearing House became legally operational on
- A. 1st july, 1976
- B. 25th june, 1975
- C. 14th march, 1975
- D. 3rd may, 1974
When an oil exploring and mining company builds a health center in one of the communities where it operates, such a company is
- A. currying favour from local people
- B. finding a way to spend resonsibility
- C. fulfilling part of its social responsibilty
- D. invest its idle funds
The use of computer in modern banking industry is a reflection of
- A. competitive development
- B. scientific development
- C. economic development
- D. technological development
Which of the following makes other functions of business its appendages?
- A. production
- B. marketing
- C. finance
- D. personnel
The principle of span of control stipulates that
- A. an employee should report to only one superior
- B. manager must demand accountability from their surbordinates
- C. resources have to be economized within the various division
- D. the number of employee reporting to one superior should be kept to workable maximum
The harmonious relationship among the various units in an organization is ensured through
- A. co-ordination
- B. motivation
- C. planning
- D. leadership
which of the following is the most important business resource?
- A. money
- B. management
- C. materials
- D. manpower
For establishment of a powerful consumers’ association in Nigeria to exist, there must be
- A. financial and moral support from the public
- B. honest and commited leadership
- C. allocation of goods from the producer
- D. freedom from external influence
NACCIMA stands for
- A. Nigerian-American Center for Culture,Civic, Industries, Minerals and Arts
- B. Nigerian Association for Culture ,Civic, Industries, Minerals and Arts
- C. National Agency for Culture, Civilization, Investment, Manufacturing, and Agriculture
- D. Nigerian association of Chambers of commerce, Industries, Mines and Agriculture