A typical example of an event covered by an Assurance Policy is
- A. accident
- B. burglary
- C. death
- D. fire
- E. theft
The components of a balance of payments account are
- A. capital, current and fixed deposit
- B. capital, savings and fixed deposit
- C. current, capital and monetary movement
- D. current, savings and monetary movement
- E. current, savings and fixed deposit
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
- A. advice note
- B. credit note
- C. debt note
- D. invoice
- E. pro-forma invoice
The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is
- A. advice note
- B. credit note
- C. debt note
- D. invoice
- E. pro-forma invoice
The most important document an importer requires to be able to clear his goods from the harbour is
- A. bill of exchange
- B. bill of lading
- C. bill of sale
- D. invoice from the shopper
- E. marine insurance
Association of people in the same line of business is known as
- A. chambers of commerce
- B. holding company
- C. monopolistic association
- D. producers association
- E. trade association
Association of people in the same line of business is known as
- A. chambers of commerce
- B. holding company
- C. monopolistic association
- D. producers association
- E. trade association
Bonded warehouse is controlled and supervised by
- A. customs
- B. immigration
- C. navy
- D. police
- E. quarantine
Bonded warehouse is controlled and supervised by
- A. customs
- B. immigration
- C. navy
- D. police
- E. quarantine
Tariff can be defined as a compulsory levy on
- A. foreign exchange earnings
- B. foreigners working in Nigeria
- C. imported goods only
- D. import and export
- E. substitutes and inferior goods
Tariff can be defined as a compulsory levy on
- A. foreign exchange earnings
- B. foreigners working in Nigeria
- C. imported goods only
- D. import and export
- E. substitutes and inferior goods
Use the information below to answer this question.
Aisha sold her wristwatch to Halima for N2,000.00 and she paid
The sum of N2,000.00 is the
- A. consideration
- B. entitlement
- C. fees
- D. money
- E. offer
The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is
- A. contribution
- B. indemnity
- C. insurable interest
- D. subrogation
- E. utmost good faith
The association that encourages savings for the benefit of its members is known as
- A. Consumer co-operative society
- B. Credit and thrift co-operative society
- C. Consumer association
- D. Producer co-operative society
- E. Producer association
The association that encourages savings for the benefit of its members is known as
- A. Consumer co-operative society
- B. Credit and thrift co-operative society
- C. Consumer association
- D. Producer co-operative society
- E. Producer association