Which of the following is gilt-edge security?
- A. Government bonds and stocks
- B. Gold mine stocks
- C. Company shares and stocks
- D. Life assurrance policy
- E. Bank stocks and securities
The part of business capital with which capital that does not change its form in the process of production is known as?
- A. circulating capital
- B. nominal capital
- C. liquid capital
- D. fixed capital
- E. working capital
The amount of new capitals with which a new company proposes to be registered is called?
- A. called-up capital
- B. nominal capital
- C. fixed capital
- D. issued capital
- E. circulating capital
A deficit in balance of trade occurs when?
- A. visible exports exceeds invisible imports
- B. total payments exceed visible exports
- C. visible imports exceeds visible exports
- D. invisible exports exceeds invisible imports
- E. visible exports exceeds invisible imports
Most payments in international trade are made by means of?
- A. cash
- B. bills of lading
- C. personal cheques
- D. letters of credit
- E. travellers cheques
Which of the following is an invisible export of Nigeria?
- A. Shipping services Nigeria renders to Russia
- B. Nigeria's crude oil to london
- C. banking services rendered to Americans resident in Nigeria
- D. Stockfish from Germany to Nigeria
- E. Nigeria groundnut to egypt
A trader who wants to buy goods from another country sends?
- A. an advice note
- B. an invoice
- C. a bill of exchange
- D. a statement
- E. an indent
If a businessman imports stockfish with a view to exporting them to other countries, this form of trade is known as?
- A. invisible trade
- B. entrepot trade
- C. export trade
- D. import trade
- E. bilateral trade
The receipt issued by a warehouse keeper for goods taken into the store is called?
- A. drawback warrant
- B. warranty
- C. divided warrant
- D. dock warrant
- E. custom warrant
A clean bill of leading is so-called because?
- A. the colour is pure, white
- B. it is not stained
- C. it is a document of authority
- D. it has no record of demage goods
- E. it could be tranferred to anybody
The activities of a company designed to stimulate consumers by giving them samples, premium, or conducting contests are referred to as?
- A. consumer protection
- B. marketing mix
- C. sales promotion
- D. marketing concept
- E. advertising
One disadvantage of advertising is that it?
- A. could be misleadiing through its false claims
- B. decrease sales
- C. makes new products known
- D. teaches the consumer the use of the advertise product
- E. creates employment
Which of the following describes a distinctive symbol title or design that readily identifies the company or its product?
- A. Trust
- B. Trade mark
- C. Trade name
- D. Branch name
- E. Copyright
Which of the following is a function of NIPOST?
- A. Issuing money order
- B. Issuing dividend warrants
- C. Issuing Travllers cheques
- D. Minting coins
- E. Printing trade journals
In which of the following would you advise Mr X Y to check and con firm the exact telephone number of a bank located in Ibadan?
- A. Post Office Guide
- B. Official Gazette
- C. Travellers' guide
- D. Private Branch Exchange
- E. Telephone directory
The means by which printed messages sent by cable are recorded is called?
- A. telegram
- B. poste restante
- C. telecommunication
- D. telephone
- E. telex services
The powers of attorney that transfers to a third party the shareholders right to vote is called?
- A. warrant
- B. shareholder's benefit
- C. proxy
- D. bond
- E. rights issue
Organization formed mainly by traders and manufacturers to cater for the interest of their members is called?
- A. trade union
- B. co-operative societies
- C. trade association
- D. chamber of commerce
- E. manufacturers association
Which of the following is not required for the dissolution of a partnership?
- A. Experiation of partnership deed
- B. Termination of the venture
- C. One partner notifying the other of his intention to dissolve it
- D. mutual consent of the partners
- E. Order from the registrar of companies
Whichof the following is not true of limited partnership?
- A. Every member is a limited partner
- B. All members are general partners
- C. All members are limited liability
- D. There is at least one ordinary partner
- E. Limited and ordinary members must be equal in number
A partnership is formed for banking business is made up of?
- A. 2 - 10 members
- B. 2 -20members
- C. 2 - 30 members
- D. 2 - 40 members
- E. 2 - 50 members