Commerce

An open cheque is one?

A. on which the amount is written only in figures B. which has no name C. which can be cashed…

6 years ago

Which of the following is referred to as the oldest form of insurance?

A. Marine insurance B. Burglary insurance C. Whole life insurance D. Accident insurance Correct Answer: Option A A. Marine insurance

6 years ago

Which of the following is legal tender?

A. Bank notes B. Bank drafts C. Central bank cheque D. Traveller's cheque Correct Answer: Option A A. Bank notes

6 years ago

Treasury bills are bought and sold in the?

A. Capital market B. Open market C. Commodity market D. Money market Correct Answer: Option D D. Money market

6 years ago

Which of the following is not a function of the Central Bank?

A. Banker to the government B. Banker's bank C. issuance of currency notes D. Granting loans to the public Correct…

6 years ago

Which of the following is not a reason for dishonoring a cheque?

A. insufficient funds in drawer's account B. when the cheque is stale C. Amount in figure differs with amount in…

6 years ago

A limited company can raise long term capital through the?

A. commodity market B. stock exchange market C. export market D. foreign exchange market Correct Answer: Option B B. stock…

6 years ago

Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a?

A. debit note B. credit note C. voucher D. receipt Correct Answer: Option D D. receipt

6 years ago

Which of the following is not a means of water transport?

A. Liner B. Tanker C. Truck D. Barge Correct Answer: Option C C. Truck

6 years ago

A document showing full details of the goods and passengers carried in a ship or aircraft is?

A. Bill of lading B. Airway bill C. Manifest D. Indent Correct Answer: Option C C. Manifest

6 years ago