The monopoly right granted to an inventor is a
- A. trademark
- B. brand name
- C. patent
- D. copyright
The monopoly right granted to an inventor is a
- A. trademark
- B. brand name
- C. patent
- D. copyright
Who among the following is a middlemen?
- A. Manufacturer
- B. Agent
- C. Insurer
- D. Consumer
The process of taking over the management and control of a privately owned business by government is
- A. indigenization
- B. nationalization
- C. participation
- D. privatization
The process of taking over the management and control of a privately owned business by government is
- A. indigenization
- B. nationalization
- C. participation
- D. privatization
It is safer and quicker to transport petrol and gas by
- A. rail
- B. road
- C. pipeline
- D. air
In a limited partnership, one of the members must be
- A. a general partner
- B. a nominal partner
- C. an active partner
- D. a dormant partner
In a limited partnership, one of the members must be
- A. a general partner
- B. a nominal partner
- C. an active partner
- D. a dormant partner
Demurrage is paid by a vessel for
- A. overloading
- B. travelling along unplanned route
- C. delaying at the port
- D. not using the services at the wharf
Demurrage is paid by a vessel for
- A. overloading
- B. travelling along unplanned route
- C. delaying at the port
- D. not using the services at the wharf
The principle where many insurance companies join to compensate one policy holder is called?
- A. contribution
- B. subrogation
- C. compensation
- D. indemnity
The principle where many insurance companies join to compensate one policy holder is called?
- A. contribution
- B. subrogation
- C. compensation
- D. indemnity
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
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