The insurance policy which covers damages to the body of a ship is
- A. marine insurance
- B. cargo insurance
- C. ship liability insurance
- D. hull insurance
The liquid assets of commercial banks are
- A. treasury bills, bills of exchange and cash
- B. cash, current account and other money-bearing assets
- C. deposit accounts and cash
- D. cash only
The liquid assets of commercial banks are
- A. treasury bills, bills of exchange and cash
- B. cash, current account and other money-bearing assets
- C. deposit accounts and cash
- D. cash only
Which of the following gives businessmen the opportunity to buy shares of public limited companies?
- A. insurance companies
- B. commercial banks
- C. discount houses
- D. the stock exchange
Which of the following services is rendered by Central Bank?
- A. provision of brokerage services
- B. safe keeping of cash and valuables
- C. discounting bills of exchange
- D. issuing currency notes
The primary objective of insurance is to
- A. prevent accidents
- B. meet uncertainties in future
- C. give loan to business men
- D. control the flow of cash
The primary objective of insurance is to
- A. prevent accidents
- B. meet uncertainties in future
- C. give loan to business men
- D. control the flow of cash
A bill of exchange is made up more negotiable if it has been
- A. endorsed
- B. accepted
- C. honoured instantly
- D. given special crossing
A bill of exchange is made up more negotiable if it has been
- A. endorsed
- B. accepted
- C. honoured instantly
- D. given special crossing
A bill of exchange is made more negotiable if it has been
- A. endorsed
- B. accepted
- C. honoured instantly
- D. given special crossing
A bill of exchange is made more negotiable if it has been
- A. endorsed
- B. accepted
- C. honoured instantly
- D. given special crossing
C % F as a price quotation in foreign trade means that the buyer
- A. is responsible for clearing and forwarding the goods
- B. has to pay for cost and freight
- C. pays for both the freight and insurance
- D. pays for insurance only
Which of the following abbreviations permits the seller to correct any error in an invoice?
- A. F.O.R
- B. C.I.F
- C. C.E % O.E
- D. I.O.U
The aid to trade responsible for the preservation of perishable items is
- A. warehousing
- B. insurance
- C. transportation
- D. warehousing
The aid to trade responsible for the preservation of perishable items is
- A. warehousing
- B. insurance
- C. transportation
- D. warehousing
Terms of trade refers to
- A. agreement between two trading countries
- B. the difference between the value of imports and exports
- C. the relationship between export and import prices
- D. all payments made to other countries and reciepts of them
Terms of trade refers to
- A. agreement between two trading countries
- B. the difference between the value of imports and exports
- C. the relationship between export and import prices
- D. all payments made to other countries and reciepts of them
Which of the following is not a function of the Ports Authority
- A. controlling pollution in rivers
- B. providing parking space for vehicles
- C. providing storage and warehousing facilities at the docks
- D. providing facilities for water traffic movement
The most acceptable means of payment in foreign transaction is
- A. personal cheques
- B. central bank cheques
- C. irrevocable letters of credit
- D. bankdrafts
Which of the following is regarded as a document of title in foreign trade?
- A. consular invoice
- B. bill of lading
- C. bill of sight
- D. certificate of origin
Manufacturers sell directly to consumers when they
- A. want to make profit
- B. wish to eliminate all transport costs
- C. live far away from them
- D. deal in perishable goods