Which of the following is a source of capital to a sole proprietorship?
- A. Loans from friends
- B. Admission of new member
- C. Issue of shares
- D. Issue of debentures
The mode of conveying liquids and gases through an underground channel is
- A. pipeline
- B. rail transport
- C. road transport
- D. sea transport
The mode of conveying liquids and gases through an underground channel is
- A. pipeline
- B. rail transport
- C. road transport
- D. sea transport
The letters R/D on a cheque shows that the cheque is
- A. paid
- B. dishonoured
- C. certified
- D. accepted
The tax paid on goods produced within a country is known as
- A. import duty
- B. excise duty
- C. ad valorem duty
- D. customs draw back
A document through which the public is invited to subscribe to the shares of a company is a
- A. Memorandum of Association
- B. Article of Association
- C. Prospectus
- D. Debenture
A document through which the public is invited to subscribe to the shares of a company is a
- A. Memorandum of Association
- B. Article of Association
- C. Prospectus
- D. Debenture
Which of the following requires a certificate of trading to start business
- A. Public corporation
- B. Public limited company
- C. Cooperative society
- D. Private limited company
Which of the following requires a certificate of trading to start business
- A. Public corporation
- B. Public limited company
- C. Cooperative society
- D. Private limited company
Establishing and maintaining mutual understanding between an organization and its customers is known as
- A. marketing concept
- B. advertising
- C. public relations
- D. sales promotion
Establishing and maintaining mutual understanding between an organization and its customers is known as
- A. marketing concept
- B. advertising
- C. public relations
- D. sales promotion
If a country devalues its currency, there would be
- A. reduction in imports
- B. reduction in exports
- C. increase in production locally
- D. increase in local standard living
If a country devalues its currency, there would be
- A. reduction in imports
- B. reduction in exports
- C. increase in production locally
- D. increase in local standard living
Which of the following is a feature of sole proprietorship?
- A. Legal entity
- B. Unlimited liability
- C. Limited liability
- D. Continuity
Which of the following would be used when goods are sent through independent carriers?
- A. Delivery note
- B. Despatch note
- C. Consignment note
- D. Advice note
The rate of turnover is the number of times within a given period that
- A. stock is sold and replaced
- B. closing stock is sold and replaced
- C. purchases are added to stock
- D. average stock is sold
The taking over of privately owned businesses by the government is called
- A. indigenization
- B. commercialization
- C. nationalization
- D. privatization
The authority given to a bank to make regular payments on behalf of a customer is
- A. credit transfer
- B. bank endorsement
- C. standing order
- D. bank overdraft
When an order cheque is endorsed it becomes a
- A. confirmed cheque
- B. bearer cheque
- C. dishonoured cheque
- D. cleared cheque
A stale cheque is one on which the date for payment is
- A. overdue
- B. yet to come
- C. missing
- D. due
Which of the following is not a contract of indemnity
- A. Marine insurance
- B. Fire insurance
- C. Life Assurance
- D. Burglary insurance