Commercial banks deposits with the Central Bank help to?
- A. increase loan prospects
- B. control the supply of money credits
- C. check bank frauds
- D. increase bank customers
- E. encourage rural banking services
An order stating the goods required but not the manufacturer from whom the foreign buyer intends to buy his goods is called?
- A. Indent
- B. Open indent
- C. Closed indent
- D. Export order
- E. Import order
An order stating the goods required but not the manufacturer from whom the foreign buyer intends to buy his goods is called?
- A. Indent
- B. Open indent
- C. Closed indent
- D. Export order
- E. Import order
A cheque dated 5/8/91 was dishonoured because it was a?
- A. Certified cheque
- B. Marked cheque
- C. Specially crossed cheque
- D. Post-dated cheque
- E. Stale cheque
A deduction made by a wholesaler from the catalogue price and which represents a retailer’s profit margin is called?
- A. Cash discount
- B. Deferred discount
- C. Trade discount
- D. Quantity discount
- E. Cash on delivery
A cheque that is drawn in the name of a bank instead of the account holder’s name is called?
- A. Bank statement
- B. Bill of exchange
- C. Specially crossed cheque
- D. Certified cheque
- E. Bank draft
A modern method of retailing whereby customers can make their purchases without the help of an assistance or cashier is called?
- A. Impulse buying
- B. One-step-shopping
- C. Self service
- D. Automatic vending
- E. Auction sales
A modern method of retailing whereby customers can make their purchases without the help of an assistance or cashier is called?
- A. Impulse buying
- B. One-step-shopping
- C. Self service
- D. Automatic vending
- E. Auction sales
Which of the following organizations aim primarily at protecting the consumer?
- A. Standards Organization of Nigeria
- B. Chambers of Commerce
- C. State Security Service
- D. Nigeria Red Cross Society
- E. Manufacturers Association of Nigeria
The system of collecting information with a view to determining the extent of demand for a product is known as?
- A. advertising
- B. marketing research
- C. marketing
- D. marketing segementation
- E. communication
The system of collecting information with a view to determining the extent of demand for a product is known as?
- A. advertising
- B. marketing research
- C. marketing
- D. marketing segementation
- E. communication
Which of the following ancillary service helps to maintain close contact between buyers and sellers?
- A. Tansport
- B. Insurance
- C. Banking
- D. Communication
- E. Advertising
The following factor must be considered before setting up a retail business except?
- A. capital
- B. experience
- C. location
- D. size of market
- E. public relationship
The following factor must be considered before setting up a retail business except?
- A. capital
- B. experience
- C. location
- D. size of market
- E. public relationship
In large offices where a large number of mails is posted daily,which of the following quickens the stamping of envelopes?
- A. Franking
- B. Collating
- C. Sorting
- D. Trimming
- E. Shredding
Bonded warehouse are controlled by?
- A. wholesale merchants
- B. Co-operative wholesale society
- C. Shipping and forwarding agencies
- D. Customs and Excise authorities
- E. Freight forwarders
Bonded warehouse are controlled by?
- A. wholesale merchants
- B. Co-operative wholesale society
- C. Shipping and forwarding agencies
- D. Customs and Excise authorities
- E. Freight forwarders
Parties to bill of exchange that is endorsed to a third party are the?
- A. drawer, payee, creditor
- B. drawer, drawee, debtor
- C. payee, drawee, debtor
- D. drawer, drawee, payee
- E. creditor, debtor, drawer
Organization licensed and authorized to deliver fast malls, and parcels are engaged in?
- A. courier services
- B. career services
- C. post-free sevices
- D. haulage services
- E. transport services
A bill of lading is best described as the?
- A. document of title to, the goods on board a ship
- B. certificate of value for the goods on board
- C. evidence of payment of customs duties
- D. certified of goods
- E. certified of quality of goods imported
A bill of lading is best described as the?
- A. document of title to, the goods on board a ship
- B. certificate of value for the goods on board
- C. evidence of payment of customs duties
- D. certified of goods
- E. certified of quality of goods imported