In a public Limited Liability Companies, equities are referred to as?
- A. preference shares
- B. authorized capital
- C. ordinary shares
- D. called-up capital
In a public Limited Liability Companies, equities are referred to as?
- A. preference shares
- B. authorized capital
- C. ordinary shares
- D. called-up capital
When an insurance company indemnifies the insured and takes over his rights, this is known as?
- A. abandonment
- B. subrogation
- C. proximate cause
- D. contribution
When an insurance company indemnifies the insured and takes over his rights, this is known as?
- A. abandonment
- B. subrogation
- C. proximate cause
- D. contribution
A retirement insurance policy which enables the assured to receive income for a specific period is?
- A. annuity
- B. endowment
- C. whole life
- D. fidelity guarantee
Which of the following services is not rendered by commercial banks?
- A. Business advice
- B. Currency notes issue
- C. Accepting deposits
- D. Credit transfer
Which of the following services is not rendered by commercial banks?
- A. Business advice
- B. Currency notes issue
- C. Accepting deposits
- D. Credit transfer
Which of the following encourages people to save towards owning a house?
- A. Merchant bank
- B. Development bank
- C. Mortgage bank
- D. Commercial bank
Which of the following is a means of payments through the post office?
- A. Standing Order
- B. Promissory note
- C. Money order
- D. Telegraphic transfer
Which of the following is a means of payments through the post office?
- A. Standing Order
- B. Promissory note
- C. Money order
- D. Telegraphic transfer
When a customer writes a cheque in his name and withdraws cash with it from his account he is both the?
- A. drawee and the payee
- B. drawer and the payee
- C. drawee and the drawer
- D. drawer and the payee
Which of the following is not a financial institution?
- A. Commodity Board
- B. Insurnace company
- C. Clearing house
- D. stock exchange
Which of the following is not a financial institution?
- A. Commodity Board
- B. Insurnace company
- C. Clearing house
- D. stock exchange
A bill of exchanged on maturity is allowed?
- A. seven days of grace
- B. five days of grace
- C. four days of grace
- D. three days of grace
A bill of exchanged on maturity is allowed?
- A. seven days of grace
- B. five days of grace
- C. four days of grace
- D. three days of grace
Which of the following is not a means of payment in foreign trade?
- A. Telegraphic money order
- B. Specially crossed cheque
- C. Letters of credit
- D. Debit transfer
Which of the following is not a means of payment in foreign trade?
- A. Telegraphic money order
- B. Specially crossed cheque
- C. Letters of credit
- D. Debit transfer
Which of the following refers to a price reduction based on the size of order?
- A. Cash account
- B. Trader discount
- C. Seasonal discount
- D. Cash on discount
The abbreviation phrase E & OE is usually printed on?
- A. an invoice
- B. a cheque
- C. a delivery note
- D. a debit note
Which of the following is sent in reply to a letter of enquiry?
- A. Quotation
- B. Order
- C. Consumer invoice
- D. Advice note
Which of the following is sent in reply to a letter of enquiry?
- A. Quotation
- B. Order
- C. Consumer invoice
- D. Advice note