Which insurance principle indicates that only the person who might suffer financial loss will be allowed to take out insurance?
- A. indemnity
- B. insurable interest
- C. pooling of risks
- D. subrogation
- E. uberrimae tides
What is a characteristic of a public limited company?
- A. The dividend is shared equally
- B. Shares are not dealt with in the stock exchange
- C. Shares are offered freely to members
- D. The liabilities are not limited
- E. There is no limit to the number of members
What is a characteristic of a public limited company?
- A. The dividend is shared equally
- B. Shares are not dealt with in the stock exchange
- C. Shares are offered freely to members
- D. The liabilities are not limited
- E. There is no limit to the number of members
What is defined as an agreement to pay an initial deposit for an object and then pay the balance in regular instalments while having the use of the object”?
- A. conditional sales
- B. credit sales
- C. hire purchase
- D. leasing
- E. trade-in sales
What is defined as an agreement to pay an initial deposit for an object and then pay the balance in regular instalments while having the use of the object”?
- A. conditional sales
- B. credit sales
- C. hire purchase
- D. leasing
- E. trade-in sales
Aids to trade refers to
- A. advertising, insurance, export and import
- B. advertising, transport, banking, insurance and warehousing
- C. banking, insurance and import only
- D. insurance, trade, banking and retailer
- E. trade, export, transport, advertising and import
Which is the banker of all commercial banks in the country?
- A. Central Bank of Nigeria
- B. Federal Mortgage Bank of Nigeria
- C. Nigerian Bank for Commerce and industry
- D. National Bank of Nigeria
- E. Nigeria Industrial Development Bank
Which is the banker of all commercial banks in the country?
- A. Central Bank of Nigeria
- B. Federal Mortgage Bank of Nigeria
- C. Nigerian Bank for Commerce and industry
- D. National Bank of Nigeria
- E. Nigeria Industrial Development Bank
Gases are best transported by
- A. air
- B. canals
- C. pipelines
- D. rail
- E. sea
Gases are best transported by
- A. air
- B. canals
- C. pipelines
- D. rail
- E. sea
A business activity that directs the flow of goods and services from the producer to the consumer is called
- A. advertising
- B. communication
- C. insurance
- D. marketing
- E. personal selling
The fastest and most accurate means of passing information is
- A. airmail letter
- B. express letter
- C. registered letter
- D. telegram
- E. telephone
Which is a Public Monopoly?
- A. John Holt Nigeria plc
- B. Lever Brothers Nigeria plc
- C. National Electric Power Authority
- D. PZ Nigeria plc
- E. United Africa Company Ltd
Which is a Public Monopoly?
- A. John Holt Nigeria plc
- B. Lever Brothers Nigeria plc
- C. National Electric Power Authority
- D. PZ Nigeria plc
- E. United Africa Company Ltd
The reputation and good image benefits arising from the business connections of a firm are called
- A. commission
- B. dividend
- C. goodwill
- D. interest
- E. profit
The reputation and good image benefits arising from the business connections of a firm are called
- A. commission
- B. dividend
- C. goodwill
- D. interest
- E. profit
The factor of production which involves both the mental and physical effort of man is called
- A. capital
- B. entrepreneur
- C. labour
- D. land
- E. work
The factor of production which involves both the mental and physical effort of man is called
- A. capital
- B. entrepreneur
- C. labour
- D. land
- E. work
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
- A. auctioneer
- B. chamber of commerce
- C. del-credere agent
- D. insurance agent
- E. stock broker
Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?
- A. auctioneer
- B. chamber of commerce
- C. del-credere agent
- D. insurance agent
- E. stock broker
A bank overdraft can only be granted to the holder of a
- A. current account
- B. deposit account
- C. fixed deposit
- D. savings account
- E. time deposit