Commerce

The minimum lending rate of a bank is a component of its?

A. current assets B. debit balances C. credit balance D. fixed assets Correct Answer: Option A A. current assets Explanation…

6 years ago

Labour as an input in production can be motivated by?

A. training B. profit C. remuneration D. promotion Correct Answer: Option C C. remuneration Explanation The compensation given to labourers…

6 years ago

Which of the following is a legal tender?

A. Cheque B. Traveller's cheque C. Banknote D. Goldsmith receipt Correct Answer: Option C C. Banknote Explanation Legal tenders are…

6 years ago

The purpose of commercialization is to?

A. encourage the participation of the private sector B. make state-owned firms more efficient C. encourage the flow of foreign…

6 years ago

The concern of a marketing manager whose company has adopted the marketing mix concept is to?

A. recruit more B. make maximum profit C. identify and satisfy customers needs D. maintain the company's share of the…

6 years ago

The inter bank indebtedness is settled at the?

A. clearing house B. money market C. discount house D. stock exchange Correct Answer: Option A A. clearing house Explanation…

6 years ago

The time allowed for loading and unloading a ship at the harbour is?

A. demurrage B. tenure C. lay days D. dead freight Correct Answer: Option C C. lay days Explanation Lay days…

6 years ago

One of the aims of the European Union is to?

A. ease trade among member countries B. enhance better trade with Africa C. enhance free trade with America D. offer…

6 years ago

A system of issuing new shares to selected investors instead of the general public is

A. public offer B. issue by tender C. offer for sale D. private placement Correct Answer: Option D D. private…

6 years ago

A company is quoted on the stock exchange when its shares are?

A. put under private payment B. not for sale to the public C. listed for sale on the exchange D.…

6 years ago