Bankers settle their mutual indebtedness in a
- A. clearing and forwarding house
- B. clearing house
- C. development bank
- D. discount house
- E. stock exchange market
A public limited liability company is owned by
- A. board of directors
- B. debenture holders
- C. general public
- D. government
- E. shareholders
A public limited liability company is owned by
- A. board of directors
- B. debenture holders
- C. general public
- D. government
- E. shareholders
A bill of exchange sold for less than its face value before maturity is said to be
- A. accepted
- B. cleared
- C. discounted
- D. dishonored
- E. protested
A bill of exchange sold for less than its face value before maturity is said to be
- A. accepted
- B. cleared
- C. discounted
- D. dishonored
- E. protested
The body charged with the responsibility monitoring the quality of goods supplied is the
- A. consumers’ association
- B. chamber of commerce
- C. manufacturers' association
- D. Ministry of Health
- E. Nigerian standards organization
The body charged with the responsibility monitoring the quality of goods supplied is the
- A. consumers’ association
- B. chamber of commerce
- C. manufacturers' association
- D. Ministry of Health
- E. Nigerian standards organization
A contract in which all parties to the contract have carried out their obligation is said to be terminated by
- A. breach of contract
- B. frustration
- C. operation of the law
- D. performance
- E. voluntary agreement
Shares are said to be sold at a discount when they are sold
- A. above par
- B. at par
- C. below par
- D. to the public
- E. to the shareholders
A multiple shop has many stores which sell
- A. graded goods
- B. locally produced goods
- C. manufactured goods
- D. persihable goods
- E. similar goods
A multiple shop has many stores which sell
- A. graded goods
- B. locally produced goods
- C. manufactured goods
- D. persihable goods
- E. similar goods
The first Nigerian enterprises promotion decree was promulgated in
- A. 1972
- B. 1973
- C. 1974
- D. 1977
- E. 1980
The first Nigerian enterprises promotion decree was promulgated in
- A. 1972
- B. 1973
- C. 1974
- D. 1977
- E. 1980
A person who runs a business on his own account is called a
- A. creditor
- B. customer
- C. director
- D. partner
- E. sole trader
All the following are principles of insurance EXCEPT
- A. indemnity
- B. insurable interest
- C. particular average
- D. subrogation
- E. utmost good faith
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
- A. an actual total loss
- B. a constructive total loss
- C. a general average loss,
- D. a partial loss
- E. a total loss
The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of
- A. an actual total loss
- B. a constructive total loss
- C. a general average loss,
- D. a partial loss
- E. a total loss
Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must
- A. inform his bank to stop payment
- B. inform Mr. Ade to tell his bank to stop payment
- C. simply ask Mr. Ade for another cheque
- D. tell his bank to add the amount to his bank balance
- E. wait until the cheque is found
Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must
- A. inform his bank to stop payment
- B. inform Mr. Ade to tell his bank to stop payment
- C. simply ask Mr. Ade for another cheque
- D. tell his bank to add the amount to his bank balance
- E. wait until the cheque is found
Fishing is an example of
- A. construction industry
- B. direct services
- C. extractive industry
- D. manufacturing industry
- E. tertiary industry
Fishing is an example of
- A. construction industry
- B. direct services
- C. extractive industry
- D. manufacturing industry
- E. tertiary industry