The central bank sometimes calls for special deposits from the commercial banks in order to
- A. reduce bank lending
- B. increase bank lending
- C. withraw defaced currencies
- D. issue notes and coins
Debentures which are secured by the fixed assets of a company are called
- A. Mortgaged Debenture
- B. Naked Debenture
- C. Redeemable debenture
- D. irredeemable Debenturs
Debentures which are secured by the fixed assets of a company are called
- A. Mortgaged Debenture
- B. Naked Debenture
- C. Redeemable debenture
- D. irredeemable Debenturs
An individual or company that engages in the transportation of any type of goods for a fee is called a
- A. common carrier
- B. hawker
- C. porter
- D. clearing agent
An individual or company that engages in the transportation of any type of goods for a fee is called a
- A. common carrier
- B. hawker
- C. porter
- D. clearing agent
Which of the following is a function of marketing department in a firm?
- A. Add value to goods and services
- B. Protect those who engage in business transactions
- C. initiate general policies in the organization
- D. Handle all staff masters in the system
Which of the following is a function of marketing department in a firm?
- A. Add value to goods and services
- B. Protect those who engage in business transactions
- C. initiate general policies in the organization
- D. Handle all staff masters in the system
A firm that specializes in packing and shipping of goods is known as a
- A. forwarding agent
- B. general agent
- C. del credere agent
- D. cargo handling company
A firm that specializes in packing and shipping of goods is known as a
- A. forwarding agent
- B. general agent
- C. del credere agent
- D. cargo handling company
A person who gave his building as a security for loan is known as a
- A. trustee
- B. mortgagee
- C. mortgagor
- D. guarantor
A retail outlet with many branches all dealing in similar line of goods is described as a
- A. department store
- B. supermarket
- C. chain store
- D. hypermarket
A retail outlet with many branches all dealing in similar line of goods is described as a
- A. department store
- B. supermarket
- C. chain store
- D. hypermarket
An insurance principle which prevents an insured from making profit when compensated is known as
- A. proximate cause
- B. indemnity
- C. insurable interest
- D. utmost good faith
The term “fiduciary issue” means
- A. money issued without gold backing
- B. money issued with gold backing
- C. money issued as currency note
- D. gold reserve
The term “fiduciary issue” means
- A. money issued without gold backing
- B. money issued with gold backing
- C. money issued as currency note
- D. gold reserve
A system of sales where goods are sold to the highest bidder is known as
- A. credit sale
- B. hire purchase
- C. clearance sale
- D. auction sale
A system of sales where goods are sold to the highest bidder is known as
- A. credit sale
- B. hire purchase
- C. clearance sale
- D. auction sale
In the absence of the bill of lading, which of the following is used o clear the goods
- A. Bill of sight
- B. Dock warrant
- C. Certificate of Origin
- D. Mate's receipt
Fidelity guarantee insurance will only cover
- A. cashier's fraud
- B. daylight robbery
- C. loss of profit
- D. unpaid loan
The charge paid to a ship owner for the unused part of a ship is known as
- A. penalty
- B. dock dues
- C. dead freight
- D. demurrage
The charge paid to a ship owner for the unused part of a ship is known as
- A. penalty
- B. dock dues
- C. dead freight
- D. demurrage