Which of the following is not a principle of insurance
- A. Insurable interest
- B. Subrogation
- C. Surrender value
- D. Proximate cause
An overdraft is
- A. amount permitted to be withdrawn in excess of one's deposit
- B. excessive cash withdrawn by commercial banks from the Central Bank
- C. credit balance standing in the name of a customer
- D. special deposits made by commercial banks
An overdraft is
- A. amount permitted to be withdrawn in excess of one's deposit
- B. excessive cash withdrawn by commercial banks from the Central Bank
- C. credit balance standing in the name of a customer
- D. special deposits made by commercial banks
A document issued to the public by a company to advertise its share is known as
- A. prospectus
- B. tender
- C. share certificate
- D. trading certificate
The total assets of a business less its total liability is known as
- A. capital owned
- B. share capital
- C. issued capital
- D. working capital
The total assets of a business less its total liability is known as
- A. capital owned
- B. share capital
- C. issued capital
- D. working capital
The turnover of a trade is the
- A. number of times the stock is sold
- B. total sales made during a period
- C. profit made during the period
- D. total purchases made during the period
The turnover of a trade is the
- A. number of times the stock is sold
- B. total sales made during a period
- C. profit made during the period
- D. total purchases made during the period
In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is
- A. particular average loss
- B. general average loss
- C. total average loss
- D. constructive average loss
In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is
- A. particular average loss
- B. general average loss
- C. total average loss
- D. constructive average loss
A trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the rate of turnover?
- A. 13.5 times
- B. 10.8 times
- C. 9 times
- D. 5.4 times
A trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
The average stock is
- A. D5,000
- B. D3,000
- C. D2,500
- D. D2,000
A trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?
- A. D28,000
- B. D27,000
- C. D8,000
- D. D5,000
A trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?
- A. D28,000
- B. D27,000
- C. D8,000
- D. D5,000
A trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?
- A. D28,000
- B. D27,000
- C. D8,000
- D. D5,000
A trader’s turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?
- A. D28,000
- B. D27,000
- C. D8,000
- D. D5,000
The main divisions of production are
- A. industry, direct and indirect services
- B. extraction, manufacturing and construction
- C. industry, commerce and direct services
- D. industry, commerce and trading
The main divisions of production are
- A. industry, direct and indirect services
- B. extraction, manufacturing and construction
- C. industry, commerce and direct services
- D. industry, commerce and trading
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as
- A. invisible imports
- B. invisible exports
- C. visible imports
- D. vivible exports
Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as
- A. invisible imports
- B. invisible exports
- C. visible imports
- D. vivible exports
Which of the following is a means of payment?
- A. I.O.U
- B. Postal order
- C. Promissory note
- D. C.I.F