A bill holder wishing to dispose of his bills before maturity would be paid?
- A. the discount value of the bill
- B. the present value of the bill
- C. the premium on the bills only
- D. the accumulated interest on the bills
- E. total face value of the bills with the premium
Which of the following is not a means of effecting payment through current account?
- A. Cheques
- B. Standing orders
- C. Giro system
- D. Credit transfer
- E. Credit card
Which of the following is not a means of money?
- A. Divisibility
- B. Portability
- C. Accessibility
- D. Recognizability
- E. Durability
Through which of the following does the central Bank carrying out the monetary policy of the country?
- A. Discounting bills
- B. Banks rate
- C. Granting overdrafts
- D. Acting as lender of last resort
- E. Acting as banker to commercial banks
When a cheque has special crossing it should be?
- A. cashed by the drawer
- B. cashed over counter
- C. Paid into a named bank
- D. paid to the drawee
- E. paid into Central Bank
Which of the following institutions provides the volume of credit to the public?
- A. Building societies
- B. Mail order business
- C. Department stores
- D. Finance houses
- E. Bank
Which of the following is the the main aim of the Indigenization Decree?
- A. alleviate the effect of inflation
- B. eliminate foreigners from Nigerian economy
- C. remove all obstacles to commercial activities
- D. allow Nigerians greater participation in commercial activities
- E. alleviated the effect of depressed economy
An important marketing concept is that all company planning and operations should be?
- A. profit-oriented
- B. company-oriented
- C. organization-oriented
- D. dividend-oriented
- E. customer-oriented
Which o the following is not a component of a company’s marketing mix?
- A. Production planning and price structure
- B. Promotional plan
- C. Distribution plan
- D. Economic plan
- E. Public relations plan
Information on new goods is passed on to buyers through?
- A. wholesale trade
- B. retail trade
- C. market research
- D. advertising
- E. the manufacturer
Which of the following is primarily responsible for protecting against poor quality goods?
- A. Nigerian National Supply Company
- B. Manufacturers Association of Nigeria
- C. Industrial Arbitration Panel
- D. Standards Organization of Nigeria
- E. Nigeria Chambers of Commerce
The management of evaluating the company’s performance to determine whether it is achieving its objective is?
- A. controlling
- B. directing
- C. organizing
- D. planning
- E. consulting
Which of the following is not a true characteristic of a Chamber of Commerce?
- A. It is not for profit making
- B. It is open only to political party members
- C. It is democratically administered
- D. It is a voluntary organization
- E. It is independent of government control
Which of the following functions is performed by the stock exchange markets?
- A. Provision for bulk purchase
- B. Issuing of treasury bills
- C. Provision of the purchase and sale of existing securities
- D. Discounting bills of exchange
- E. Providing for short-term investment
Which of the following is a disadvantage of Hire Purchase to the consumer?
- A. Its increases turnover
- B. Temptation to buy more than one can pay for
- C. It demands more capitals from the seller
- D. Increased sales lower the seller's units cost
The three main types of speculators found in the Stock Exchange market are?
- A. stags, brokers, and bulls
- B. bulls, bears, and stag
- C. bears, jobbers and jobbers
- D. bulls, brokers and bears
- E. stags, agents and jobbers
Which of the following conditions may make the manufacturer sell directly to the consumer?
- A. brake in communication
- B. Inaccessibility of the wholesaler's warehouse
- C. The nature of the commodity involved
- D. inadequate transport facility
- E. Trade imbalance
Which of the following is not an obligation of a common carrier?
- A. Carrying goods securely and safely
- B. Liability for losses and demages
- C. Delivery of goods at appropriate places
- D. insuring goods intransit
- E. passing through agreed routes
Buying and selling of goods and services within the geographical areas of a country is called?
- A. enterpot trade
- B. external trade
- C. domestic trade
- D. regional trade
- E. import trade
The factor of production which is described as wealth set aside for the the production of further wealth is called?
- A. emterpreneur
- B. land
- C. capital
- D. goodwill
- E. labour
Pure profits is the elements of the paid?
- A. for land
- B. for capital
- C. a manager
- D. to an enterpreneur
- E. for labour