Commerce

Which of the following is classified as an invisible item in balance of payment?

A. Import of goods B. Salaries of expatriates C. Export of groundnuts D. sale of equipment Correct Answer: Option B…

6 years ago

Buildings and machinery used in the running of a business are examples of?

A. current assets B. intangible assets C. liquid assets D. fixed assets Correct Answer: Option D D. fixed assets

6 years ago

When an insurance policy is declared void because of a false declaration; the principle involved is?

A. indemnity B. subrogation C. proximate clause D. utmost good faith Correct Answer: Option D D. utmost good faith

6 years ago

Those who are engaged in the distribution of goods belong to?

A. commercial occupation B. extractive industry C. manufacturing industry D. construction industry Correct Answer: Option A A. commercial occupation

6 years ago

A cheque drawn by a bank on itself a/an?

A. direct debit B. bank draft C. bank transfer D. overdraft Correct Answer: Option B B. bank draft

6 years ago

Which of the following is an example of large-scale retailing?

A. Hawking B. Mobile shops C. Kiosks D. Departmental stores Correct Answer: Option D D. Departmental stores

6 years ago

The relationship between all imports and exports of a country is known as?

A. terms of trade B. balance of trade C. balance of payment D. terms of payment Correct Answer: Option B…

6 years ago

An issuing house is an outlet for?

A. new shares and bonds B. non-listed companies shares C. existing shares and bonds D. only gilt-edged securities Correct Answer:…

6 years ago

The development of trade in West Africa was aided by the?

A. emergence of traditional rulers B. arrival of the Portuguese C. introduction of tax payment D. introduction of money Correct…

6 years ago