21
Credit in business transaction is?
B
compliment to a good customer
D
a means of saving money
↪ Solution
Correct Option:
A
No further explanations yet...
22
Which of the following is true of rail transport?
A
Suitable for perishable goods
B
Fast over long distances
C
Maximum handling of goods
D
Gaurantees safety of goods
↪ Solution
Correct Option:
D
No further explanations yet...
23
Which of the following is not a means of controlling credit by the Central Bank?
C
Clearing inter-bank indebtedness
↪ Solution
Correct Option:
C
No further explanations yet...
24
Which of the following is not a function of Development Banks?
B
invest directly into Agriculture
D
Give technical advice to investors
↪ Solution
Correct Option:
C
No further explanations yet...
25
Which of the following is an example of insurable risk?
A
Change in consumer's taste
B
The probability of a third world war
C
Flood resulting from excessive rain in a year
D
The death of a business partner
↪ Solution
Correct Option:
D
No further explanations yet...
26
If Mr Olu insures Mr Obi's house, the insurer may, in event of a loss, refuse to pay compensation based on the principle of
↪ Solution
Correct Option:
C
No further explanations yet...
27
Which of the following shows the quality of money
A
Ability to represent both small and large values
B
Used for deffered payments
C
Used as a unit for account
↪ Solution
Correct Option:
A
No further explanations yet...
28
The speculator in the stock exchange market who sells securities in anticipation of a fall in price is called a
↪ Solution
Correct Option:
C
No further explanations yet...
29
An action taken by a seller to avoid risks from unforeseeable price fluctuation is known as
↪ Solution
Correct Option:
D
No further explanations yet...
30
The insurance policy against claims from customers who might be injured within the business premises is called
C
fidelity guarantee insurance
D
employers liability insurance
↪ Solution
Correct Option:
D
No further explanations yet...