Commerce

Which of the following is not a principle of insurance?

A. Insurable interest B. Subrogation C. Surrender value D. Proximate cause Correct Answer: Option C C. Surrender value

6 years ago

An overdraft is?

A. amount permitted to be withdrawn in excess of one's deposit B. excessive cash withdrawn by commercial banks from the…

6 years ago

A document issued to the public by a company to advertise its share is known as?

A. prospectus B. tender C. share certificate D. trading certificate Correct Answer: Option A A. prospectus

6 years ago

The total assets of a business less its total liability is known as?

A. capital owned B. share capital C. issued capital D. working capital Correct Answer: Option A A. capital owned

6 years ago

The turnover of a trade is the _________?

A. number of times the stock is sold B. total sales made during a period C. profit made during the…

6 years ago

In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is?

A. particular average loss B. general average loss C. total average loss D. constructive average loss Correct Answer: Option B…

6 years ago

The main divisions of production are?

A. industry, direct and indirect services B. extraction, manufacturing and construction C. industry, commerce and direct services D. industry, commerce…

6 years ago

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as?

A. invisible imports B. invisible exports C. visible imports D. vivible exports Correct Answer: Option A A. invisible imports

6 years ago

Which of the following is a means of payment

A. I.O.U B. Postal order C. Promissory note D. C.I.F Correct Answer: Option B B. Postal order

6 years ago

If Karamo who lives in The Gambia imports goods from Senegal and later sells them in Guinea Bissau; Karamo is engaged in?

A. multi-lateral trade B. counter-trade C. barter trade D. entrepot trade Correct Answer: Option D D. entrepot trade

6 years ago