Commerce

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 Correct Answer:…

6 years ago

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 Correct Answer: Option B B. stag

6 years ago

The beneficiary of a cheque is called?

A. acceptor B. drawee C. drawer D. payee Correct Answer: Option D D. payee

6 years ago

Which of the following institutions does not belong to the capital market?

A. Commercial banks B. Development banks C. Mortgage banks D. Insurance companies Correct Answer: Option A A. Commercial banks

6 years ago

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 Correct Answer: Option B B. lay days

6 years ago

The provision of dredging and dry dock facilities at any sea port is the responsibility of?

A. Ports and Harbours Authority B. Customs and Excise Authority C. National Health Authority D. National Water and Electricity Authority…

6 years ago

The place where dutiable goods are kept until the duties on them are paid is?

A. customs warehouse B. public warehouse C. bonded warehouse D. the wharf Correct Answer: Option C C. bonded warehouse

6 years ago

Which of the following trends in retailing provides the convenience of shopping without cash?

A. Automatic vending B. Self-service C. Credit card D. Window display Correct Answer: Option C C. Credit card

6 years ago

Which of the following assesses duties payable on imports and exports?

A. Ports Authority B. Central Bank C. Customs and Excise Authority D. Export Promotion Council Correct Answer: Option C C.…

6 years ago

An outright prohibition on the importation of goods to a country is referred to as?

A. quota B. tariff C. embargo D. devaluation Correct Answer: Option C C. embargo

6 years ago