Commerce

The body controlling the installation and maintenance of telephone in Nigeria is?

A. NET B. ITT C. NITEL D. NIPOST E. NICON Correct Answer: Option C - NITEL

5 years ago

A telephone call within a town is called?

A. home call B. trunk call C. district call D. zonal call E. local call Correct Answer: Option E -…

5 years ago

The main disadvantage of rail transport to traders is that?

A. it carries bulky goods only B. its cost of carriage is high C. it is slow and flexible D.…

5 years ago

Which of the following is not a necessary seaport facility?

A. Berth B. Warehouse C. Containers D. Cranes E. Tramac Correct Answer: Option C - Containers

5 years ago

A bill holder wishing to dispose of his bills before maturity would be paid?

A. the discount value of the bill B. the present value of the bill C. the premium on the bills…

5 years ago

Which of the following is not a means of effecting payment through current account?

A. Cheques B. Standing orders C. Giro system D. Credit transfer E. Credit card Correct Answer: Option C - Giro…

5 years ago

Which of the following is not a means of money?

A. Divisibility B. Portability C. Accessibility D. Recognizability E. Durability Correct Answer: Option C - Accessibility

5 years ago

Through which of the following does the central Bank carrying out the monetary policy of the country?

A. Discounting bills B. Banks rate C. Granting overdrafts D. Acting as lender of last resort E. Acting as banker…

5 years ago

When a cheque has special crossing it should be?

A. cashed by the drawer B. cashed over counter C. Paid into a named bank D. paid to the drawee…

5 years ago

Which of the following institutions provides the volume of credit to the public?

A. Building societies B. Mail-order business C. Department stores D. Finance houses E. Bank Correct Answer: Option B - Mail-order…

5 years ago