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Question 1 Rapport
A voluntary body formed by members of a particular branch of trade or industry to represent the interests of members is known as
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Question 5 Rapport
ln partnership business, the maximum number of persons for its formation is
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Question 12 Rapport
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C.
ln which business is profit shared amongst the shareholders on the basis of patronage?
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Question 18 Rapport
In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?
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Question 19 Rapport
The affairs of the co-operative society are in the hands of the
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Question 22 Rapport
What is NOT a characteristic of a Private Limited Liability Company?
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Question 23 Rapport
A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan
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Question 25 Rapport
What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?
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Question 26 Rapport
What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?
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Question 28 Rapport
lf the price of a good falls and the demand for that good also fall, then that good is .......
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Question 30 Rapport
Which union is formed by the workers of firms of similar line of business to cater for their interests?
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Question 31 Rapport
Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?
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Question 32 Rapport
What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?
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Question 37 Rapport
What best explains the principle of subrogation in insurable?
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Question 38 Rapport
Under what form of life insurance policy is premium paid over an agreed number of years and the sum assured is paid either at the end of that specified time or when the policy holder dies, whichever comes first?
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Question 43 Rapport
The bringing of ownership and management of a former private industry under the control of the government is called
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Question 45 Rapport
ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted
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Question 46 Rapport
What is NOT a suitable reason for the growth in large retail business?
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