A specialized market where stocks and shares are bought and sold is
- A. money market
- B. commodity exchange market
- C. perfect market
- D. stock exchange market
The amount the assured receives if he decides to discontinue the life policy is known as
- A. refund value
- B. net value
- C. surrender value
- D. sum assured
Which of the following is not the duty of an agent to the principal?
- A. Acting in good faith
- B. Rendering accurate account
- C. Disclosing all profits made
- D. Making secret profit
Which of the following is not the duty of an agent to the principal?
- A. Acting in good faith
- B. Rendering accurate account
- C. Disclosing all profits made
- D. Making secret profit
The speculator who applies for a new issue of shares without the intention of keeping them is
- A. bull
- B. stag
- C. bear
- D. jobber
The beneficiary of a cheque is called
- A. acceptor
- B. drawee
- C. drawer
- D. payee
Which of the following institutions does not belong to the capital market
- A. Commercial banks
- B. Development banks
- C. Mortgage banks
- D. Insurance companies
The time allowed for unloading and loading a ship is referred to as
- A. demurrage
- B. lay days
- C. charter party
- D. charter by demise
The provision of dredging and dry dock facilities at any sea port is the responsibility of
- A. Ports and Harbours Authority
- B. Customs and Excise Authority
- C. National Health Authority
- D. National Water and Electricity Authority
The provision of dredging and dry dock facilities at any sea port is the responsibility of
- A. Ports and Harbours Authority
- B. Customs and Excise Authority
- C. National Health Authority
- D. National Water and Electricity Authority
The place where dutiable goods are kept until the duties on them are paid is
- A. customs warehouse
- B. public warehouse
- C. bonded warehouse
- D. the wharf
The place where dutiable goods are kept until the duties on them are paid is
- A. customs warehouse
- B. public warehouse
- C. bonded warehouse
- D. the wharf
Which of the following trends in retailing provides the convenience of shopping without cash
- A. Automatic vending
- B. Self-service
- C. Credit card
- D. Window display
Which of the following trends in retailing provides the convenience of shopping without cash
- A. Automatic vending
- B. Self-service
- C. Credit card
- D. Window display
Which of the following assesses duties payable on imports and exports?
- A. Ports Authority
- B. Central Bank
- C. Customs and Excise Authority
- D. Export Promotion Council
An outright prohibition on the importation of goods to a country is referred to as
- A. quota
- B. tariff
- C. embargo
- D. devaluation
An association formed to protect the interests of buyers of various commodities is known as
- A. Chamber of commerce
- B. Employers association
- C. Consumers Association
- D. Manufacturers Association
Which of the following is not a duty of a credit union?
- A. Helping members to save
- B. Granting loans
- C. Advising on the use of funds
- D. Confirming members' indebtedness
Which of the following goods has the lowest rate of turnover?
- A. Staple foods
- B. office stationery
- C. Refrigerator
- D. School exercise books
When the public wants to buy more of a company’s share than has been offered for sale, the share is said to be
- A. rights issue
- B. over subscribed
- C. qouted at a premium
- D. over-valued
The following information relates to Mallam Amidu Kachella for the year ended 31/12/2005.
#
Opening stock 4,000
Purchases 16,000
Sales 30,000
Debtors 6,500
Creditors 4,200
Cash in hand 800
Closing stock 5,600
Bank overdraft 3,000
The average stock is
- A. #1,600
- B. #4,800
- C. #5,600
- D. #9,600