Which of the following is a non- indemnity insurance?
- A. Marine
- B. Life
- C. Fire
- D. Bad debts
- E. Burglary
Which of the following is a non- indemnity insurance?
- A. Marine
- B. Life
- C. Fire
- D. Bad debts
- E. Burglary
Selling a bill in less than the face of the value for immediate cash before the due date is to?
- A. retire the bill
- B. honour the bill
- C. discount the bill
- D. protest the bill
- E. withdraw the bill
Selling a bill in less than the face of the value for immediate cash before the due date is to?
- A. retire the bill
- B. honour the bill
- C. discount the bill
- D. protest the bill
- E. withdraw the bill
Which of the following is not a feature of good banking security? The
- A. asset must be easily converted into cash
- B. value of the asset must be easily ascertained
- C. ownership of the asset must be in doubt
- D. value of the asset should be stable
- E. value of the asset must less than the amount loaned
Which of the following is not a feature of good banking security? The
- A. asset must be easily converted into cash
- B. value of the asset must be easily ascertained
- C. ownership of the asset must be in doubt
- D. value of the asset should be stable
- E. value of the asset must less than the amount loaned
Which of the following policies qualifies the holder to income to income tax relief?
- A. Accident insurance
- B. Public liability insurance
- C. Comprehensive insurance
- D. Endowment assurance
- E. Fidelity guarantee insurance
Which of the following is not true of insurance?
- A. A large number of people face the same risk
- B. Possibility of making a profit out of an event
- C. only a small number will actually suffer the loss in any one year
- D. A large making makes a small contribution to common pool
- E. Possibility of assessing the frequency of occurrence of the event
Which of the following belongs to the capital market?
- A. Commercial bank
- B. Savings bank
- C. Stock exchange
- D. Bureau de change
- E. Clearing house
Which of the following belongs to the capital market?
- A. Commercial bank
- B. Savings bank
- C. Stock exchange
- D. Bureau de change
- E. Clearing house
Which of the following is not true of insurance?
- A. A large number of pecple face the same risk
- B. A Possibility of making profit out of an event
- C. only a small number will actually suffer the loss in any one year
- D. A large number makes a small contribution to a common pool
- E. Possibility of assessing the frequency of occurrence of the event
Which of the following is not true of insurance?
- A. A large number of pecple face the same risk
- B. A Possibility of making profit out of an event
- C. only a small number will actually suffer the loss in any one year
- D. A large number makes a small contribution to a common pool
- E. Possibility of assessing the frequency of occurrence of the event
Which of the following belongs to the capital market?
- A. Commercial bank
- B. Savings bank
- C. Stock exchange
- D. Bureau de change
- E. Clearing house
Another name for shares, stocks and debentures traded in the stock exchange is?
- A. collateral
- B. securities
- C. wares
- D. partcipating`preference shares
- E. cumulative preference shares
Terms of trade refers to?
- A. agreement between two trading countries
- B. conditions attached to specific trade transaction
- C. the relationship between export and import prices
- D. , the difference between the value imports and exports
- E. all payments made-to other countries and receipts from them
Which of the following documents is used when goods are sent on approval?
- A. Catalogue
- B. Delivery note
- C. Receipt
- D. Advice note
- E. Pro forma invoice
Which of the following documents is used when goods are sent on approval?
- A. Catalogue
- B. Delivery note
- C. Receipt
- D. Advice note
- E. Pro forma invoice
A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?
- A. N240
- B. N226
- C. N216
- D. 204
- E. 120
A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?
- A. N240
- B. N226
- C. N216
- D. 204
- E. 120
When a seller decides to sell his goods at a specific price for a specific period, he is making?
- A. a sales promotion
- B. a bid
- C. an auction sale
- D. a firm offer
- E. an implied guarantee
When a seller decides to sell his goods at a specific price for a specific period, he is making?
- A. a sales promotion
- B. a bid
- C. an auction sale
- D. a firm offer
- E. an implied guarantee