Speed is an important consideration for choice of a means of transport where goods are
- A. bulky
- B. inferior
- C. fragile
- D. perishable
- E. durable
Gases are best transported
- A. through canals
- B. by sea
- C. by air
- D. through pipelines
- E. by rail
Which of the following would best be conveyed by rail transport
- A. Bread
- B. Shoes
- C. Potatoes
- D. Tomatoes
- E. Oranges
Small ships which are used to carry goods and passengers across rivers or canals called
- A. tramps
- B. coasters
- C. tankers
- D. liners
- E. ferries
Money spent on acquiring vehicles, furniture and fittings by a manufacturing company is termed
- A. Circulation capital
- B. working capital
- C. fictitious capital
- D. fixed capital
- E. capital owned
Cash-in-hand and at bank as well as debtors are examples of
- A. current assets
- B. fixed assets
- C. capital owned
- D. capital employed
- E. working capital
New shares are offered for sale to the public through
- A. acceptable houses
- B. the stock exchange
- C. issuing houses
- D. discount houses
- E. mortgage banks
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
- A. authorised capital
- B. fixed capital
- C. working capital
- D. capital owned
- E. called-up capital
A trader started business with #30,000 and spent #20,000 in buying premises and equipment, the balance of #10,000 is his
- A. authorised capital
- B. fixed capital
- C. working capital
- D. capital owned
- E. called-up capital
An offer of new shares made to existing shareholders at a preferential price is called?
- A. bonus issue
- B. rights issue
- C. private placing
- D. debenture
- E. preference share
An offer of new shares made to existing shareholders at a preferential price is called?
- A. bonus issue
- B. rights issue
- C. private placing
- D. debenture
- E. preference share
The insurance policy against claims from customers who might be injured within the business premises is called
- A. life assurance policy
- B. endowment policy
- C. fidelity guarantee insurance
- D. employers liability insurance
- E. engineering insurance
The insurance policy against claims from customers who might be injured within the business premises is called
- A. life assurance policy
- B. endowment policy
- C. fidelity guarantee insurance
- D. employers liability insurance
- E. engineering insurance
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
- A. tendering
- B. aunctioneering
- C. quotation
- D. hedging
- E. haggling
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
- A. tendering
- B. aunctioneering
- C. quotation
- D. hedging
- E. haggling
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
- A. bull
- B. jobber
- C. bear
- D. stag
- E. broker
Which of the following shows the quality of money
- A. Ability to represent both small and large values
- B. Used for deffered payments
- C. Used as a unit for account
- D. Facilitating exchange
- E. Serving as a store of wealth
If Mr Olu insures Mr Obi’s house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
- A. utmost good faith
- B. subrogation
- C. insurable interest
- D. indemnity
- E. contribution
Which of the following is an example of insurable risk?
- A. Change in consumer's taste
- B. The probability of a third world war
- C. Flood resulting from excessive rain in a year
- D. The death of a business partner
- E. Loss due to change in fashion
Which of the following is not a function of Development Banks?
- A. Give long-term loans
- B. invest directly into Agriculture
- C. Issue currency notes
- D. Give technical advice to investors
- E. Embark on priority projects of governments
Which of the following is not a means of controlling credit by the Central Bank?
- A. Fixing the bank rate
- B. Open market operations
- C. Clearing inter-bank indebtedness
- D. Special deposits
- E. Cashliquidity ratio