Commerce

A speculator in the stock exchange market who sells securities in anticipation of a fall in their prices?

A. broker B. bull C. bear D. stag Correct Answer: Option C C. bear Explanation A bear market is a…

6 years ago

The advertising medium that makes only audio impression is?

A. cinema B. radio C. television D. hoardings Correct Answer: Option B B. radio

6 years ago

A disadvantage of rail transport is that?

A. it carries bulky goods only B. the cost of carriage is high C. it is not flexible D. it…

6 years ago

The expert responsible for the calculation of probability of risk in insurance is?

A. an actuary B. an underwriter C. a broker D. a solicitor Correct Answer: Option D A. an actuary Explanation…

6 years ago

The central bank carries out its monetary policy through?

A. discounting bills B. credit ceiling C. replacement of worn-out notes D. bank rates Correct Answer: Option D D. bank…

6 years ago

Which of the following documents is used in home trade only?

A. bill of lading B. airway bill C. certificate of origin D. proforma invoice Correct Answer: Option C C. certificate…

6 years ago

Mr Ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. The element of contract which is lacking is?

A. valuable consideration B. formality C. offer and acceptance D. capacity Correct Answer: Option B B. formality Explanation Formalities in…

6 years ago

Which of the following terms is not used in price quotations for goods?

A. E. & O, E B. C.I.F C. EX works D. F.A.S Correct Answer: Option A A. E. & O,…

6 years ago

In a hire purchase agreement, the buyer is the?

A. agent B. hirer C. lesse D. lessor Correct Answer: Option B B. hirer Explanation Hire purchase is an arrangement…

6 years ago

An example of an invisible item of trade is?

A. oil B. shipping C. machinery D. textile Correct Answer: Option B B. shipping Explanation 'Invisible Trade '. An invisible…

6 years ago