The market where only indigenous firms are considered is the?
- A. money market
- B. second-tier securities market
- C. local market
- D. stock exchange
The bank that discount bills of exchange is the?
- A. central bank
- B. mortage bank
- C. development bank
- D. comercial bank
Invisible imports consist of?
- A. cement, shipping and consultancy services
- B. banking, drinks , insurance and technical services
- C. consultant services, tourism and banking
- D. tourism, banking and canned food and cement
In Nigeria, the ministry in charge of registering trade associations is that of?
- A. industries
- B. commerce
- C. culture and tourism
- D. finance
Wholesalers can be divided into?
- A. sales agent and brokers
- B. full service
- C. cooperative wholesale society and limited service wholesalers
- D. merchant wholesales and egent middlemen
The association that comprises all types of businesses is referred to as?
- A. chamber of commerce
- B. trust
- C. trade association
- D. cartel
Which of the following confirms the accuracy of the duty charged on imported goods?
- A. An indent
- B. Consular invoice
- C. Consignment note
- D. Shipping note
Which of the middlemen in the channel of distribution has tittle to the goods he distributes?
- A. The merchant wholesaler
- B. The agent
- C. The limited wholersaler
- D. The retailer
A major function of a chamber of commerce is?
- A. increaseing productivity
- B. promoting both home and foreign trade
- C. promoting trade in a particular line
- D. maximizing profit
A type of credit offered by both commercial and merchant banks in Nigeria is?
- A. trade credit
- B. line of credit
- C. discounting facility
- D. overdraft
A cheque drawn by a bank official on the bank’s deposits in another bank on a customer’s instruction is known as?
- A. promissary note
- B. bankdraft
- C. banker's order
- D. travellers' cheque
The necessary documents used in foreign trade are?
- A. bill of lading, invoice and letter of inqiry
- B. indent, bill of exchange, bill of lading and voice
- C. voice, shipping note, bill of lading and freight note
- D. shipping note, certificate of origin and visible exports
The availability of goods and services is brought to the notice of customers through?
- A. personal selling
- B. public relations
- C. the telephone
- D. advertising
An engineer in government employ is to be rendering?
- A. primary service
- B. tertiary service
- C. indirect service
- D. direct service
The Nigerian Telecommunications Limited is a?
- A. jointly owned company
- B. public corpoation
- C. privately owned company
- D. public company
Occupations are classified into?
- A. production, labour and economics
- B. extraction, construction and manufacturing
- C. industry, commerce and serves
- D. trade, aids to trade and serivices
An acquired firm in a merger will always receive a?
- A. premium
- B. grant
- C. share
- D. discount
The most important concept on production is?
- A. utility
- B. wealth creation
- C. transformation
- D. distribution
One of the disadvantages of a sole proprietorship is?
- A. secrecy of annual reports
- B. pride of ownership
- C. limited liability
- D. unlimited liability
A partnership is dissolved when?
- A. the business suffers a loss
- B. there is bankruptcy
- C. there is consistent theft
- D. there is misunderstanding between partners
In CIF contracts, risk passes at the time of shipment but the property does not pass until?
- A. there is physical transfer of goods
- B. the shipping manifest are signed
- C. the shipping documents are transferred
- D. the goods on board are delivered