Which of the following is a creditor legally bound to accept for settlement of a debt?
- A. Bank draft
- B. Bank note
- C. Money order
- D. Cheque
Agriculture operative banks are best classified under?
- A. commercial banks
- B. savings banks
- C. merchant banks
- D. specialized banks
A bundle of shares is called?
- A. stock
- B. bonus issue
- C. debenture
- D. rights issue
The authority given to a bank to make regular payments on behalf of a customer for a specified purpose is known as?
- A. bank draft
- B. credit transfer
- C. standing order
- D. certified cheque
The authority given to a bank to make regular payments on behalf of a customer for a specified purpose is known as?
- A. bank draft
- B. credit transfer
- C. standing order
- D. certified cheque
A person which decides what to produce and combines the other factors of production is the?
- A. entrepreneur
- B. distributor
- C. engineer
- D. retailer
A person which decides what to produce and combines the other factors of production is the?
- A. entrepreneur
- B. distributor
- C. engineer
- D. retailer
The act of keeping products in good condition until they are needed is?
- A. Insurance
- B. warehousing
- C. communication
- D. advertising
The act of keeping products in good condition until they are needed is?
- A. Insurance
- B. warehousing
- C. communication
- D. advertising
Which of the following is not a means of payment in foreign trade?
- A. Telegraphic transfer
- B. Cheque
- C. Letter of credit
- D. Bill of exchange
Which of the following means restoring the issue to position he was just before the loss occurred
- A. Indemnity
- B. Subrogation
- C. Proximate cause
- D. Utmost good faith
The expert who calculates premium for an insurance policy is?
- A. an underwriter
- B. an actuary
- C. a broker
- D. an assessor
The expert who calculates premium for an insurance policy is?
- A. an underwriter
- B. an actuary
- C. a broker
- D. an assessor
Which of the following is not an objective of ECOWAS?
- A. Expansion of trade
- B. Encouraging free movement of persons within member states
- C. Improvement of infrastructural facilities
- D. Promoting a common language
Which of the following is not an objective of ECOWAS?
- A. Expansion of trade
- B. Encouraging free movement of persons within member states
- C. Improvement of infrastructural facilities
- D. Promoting a common language
Which of the following is an example of itinerant trading?
- A. Moblie shops
- B. Mail order Business
- C. Stall holding
- D. Selling from kiosk
Which of the following is an example of itinerant trading?
- A. Moblie shops
- B. Mail order Business
- C. Stall holding
- D. Selling from kiosk
A business firm which controls more than half of another firm’s equity is a?
- A. holding company
- B. consortium
- C. cartel
- D. syndicate
Which of the following requires a certificate of trading to start business?
- A. Partnership
- B. Private Limited Company
- C. Cooperative society
- D. Public Limited Company
Which of the following is used to advertise of a company?
- A. Memorandum of association
- B. Articles of association
- C. Certificate of incorporation
- D. Prospectus
Which of the following is used to advertise of a company?
- A. Memorandum of association
- B. Articles of association
- C. Certificate of incorporation
- D. Prospectus