Commerce

Balance of payment deficit may be caused by?

A. revaluation of currency B. sales of foreign reserves C. unrestricted exports D. unrestricted imports Correct Answer: Option D D.…

6 years ago

Which of the following businesses relies on government subvention for its operation?

A. public corporation B. public limited liability company C. co-operative society D. private limited liability company Correct Answer: Option A…

6 years ago

One of the aims of ECOWAS is to?

A. discourage foreign investors B. promote privatization policy C. ensure production of quality goods D. promote trade within the region…

6 years ago

The transfer of government businesses to individuals is?

A. commercialization B. privatization C. deregulation D. nationalization Correct Answer: Option B B. privatization Explanation Privatization is the transfer of…

6 years ago

Which of the following is a type of marine insurance?

A. endowment B. hull C. fidelity D. accident Correct Answer: Option B B. hull Explanation The Hull policy provides coverage…

6 years ago

Which of the following countries is a member of the lake chad basin commission?

A. The Gambia B. Cameroon C. Ghana D. Guinea Correct Answer: Option B B. Cameroon Explanation The Lake Chad Basin…

6 years ago

The law that protects a musician’s work from piracy is?

A. usury law B. copyright law C. trademark D. hire purchase Correct Answer: Option B B. copyright law Explanation The…

6 years ago

Under the principle of subrogation, the insurer has the right to?

A. abrogate the contract B. re-insure the property C. take over any legal rights of the insured D. take over…

6 years ago

The organization of local and international trade fairs is the responsibility of?

A. trade associations B. labour unions C. chamber of commerce D. custom and excise authorities Correct Answer: Option C C.…

6 years ago

Which of the following is not a tool for sale?

A. publicity B. exhibition C. competition D. free samples Correct Answer: Option C C. competition Explanation Sales promotion tools 1.…

6 years ago