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253

A document which can be used for both internal and external trade is

  • A. bill of exchange
  • B. GIRO
  • C. I.O.U
  • D. portal orders
  • E. promising note.
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254

Which of the following does not relate to foreign trade?

  • A. Certificate of origin
  • B. Chartered party
  • C. Dumping
  • D. Export duties
  • E. Export license
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255

Which of the following does not relate to foreign trade?

  • A. Certificate of origin
  • B. Chartered party
  • C. Dumping
  • D. Export duties
  • E. Export license
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256

Commerce refers to

  • A. buying and selling of goods at home
  • B. buying and selling of goods and services at home
  • C. importation and exportation of goods
  • D. importation and exportation of goods and services
  • E. trade and all of services which assist trade
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257

The coming together of two or more companies to form one big viable company is known as

  • A. association
  • B. cartel
  • C. joining
  • D. merging
  • E. trust
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258

The coming together of two or more companies to form one big viable company is known as

  • A. association
  • B. cartel
  • C. joining
  • D. merging
  • E. trust
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259

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

  • A. Commercialization
  • B. Consumerism
  • C. Indigenization
  • D. Nationalization
  • E. Privatization
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260

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

  • A. Commercialization
  • B. Consumerism
  • C. Indigenization
  • D. Nationalization
  • E. Privatization
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261

Sea transport is unsuitable for the movement of

  • A. antiquities
  • B. coal
  • C. fertilizer
  • D. planks
  • E. vegetables
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262

Sea transport is unsuitable for the movement of

  • A. antiquities
  • B. coal
  • C. fertilizer
  • D. planks
  • E. vegetables
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263

Any member of the public who wants to buy shares in the stock market will first of all meet a/an

  • A. agent
  • B. broker
  • C. jobber
  • D. seller
  • E. share holder
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264

A discount that is given to middlemen in order to make good profit is called ………. discount.

  • A. cash
  • B. fixed
  • C. quant
  • D. seasonal
  • E. trade
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265

All the following are members of small-scale retailing EXCEPT

  • A. chain stores
  • B. itinerant trade
  • C. kiosks
  • D. mobile shops
  • E. stall holders
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266

The second tier security market is an example of

  • A. capital market
  • B. commodity market
  • C. factor market
  • D. labour market
  • E. money market
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267

Shareholder receive……

  • A. interest
  • B. dividends
  • C. commission
  • D. allowances
  • E. none of the above
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268

The 4C’s of credit are

  • A. consumer, collateral, company and cost
  • B. collateral, capital, company and cost
  • C. collate capital, character and capacity
  • D. character, cost, capital and capacity
  • E. capital, capacity, consumer and character
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269

The changing of the original form of an object to a form that can give satisfaction to a want is known as

  • A. commerce
  • B. construction
  • C. consumption
  • D. occupation
  • E. production
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270

The word “close-up” as used in toothpaste is a

  • A. brand name
  • B. Company’s name
  • C. Company’s logo
  • D. Patent right
  • E. Symbol
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271

The word “close-up” as used in toothpaste is a

  • A. brand name
  • B. Company’s name
  • C. Company’s logo
  • D. Patent right
  • E. Symbol
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272

The branches of Commerce include all the following EXCEPT

  • A. advertising
  • B. barbing
  • C. trade
  • D. transport
  • E. warehousing
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273

The branches of Commerce include all the following EXCEPT

  • A. advertising
  • B. barbing
  • C. trade
  • D. transport
  • E. warehousing
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