Commerce — 2007

Which of the following was not used as a medium of exchange by the early Europeans that came to West Africa?

The ancillary to trade which ensures that people gain access to facts pertaining to goods is

Which of the following is classified as an extractive industry ?

Who among the following does not render direct service?

A partnership cannot raise its capital by

Which of the following is not required in the mail order business?

The staff responsible for the calculations of probability of losses in insurance is the

The rate at which the country's import exchanges for its export is known as

Where a limited partner exists in a partnership

Which of the following is best organized as a partnership?

Public enterprises are financed mainly by

Contributing money to buy equipment for making and marketing a product is a feature of

The operations of a private company is guided by the

The various rights attached to different classes of shares are stated in the

Which of the following gets extra dividend after its due fixed rate of dividend

A company may be wound up when

If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is

The money used by Njie & Co. Ltd in running the day-to-day activities of the business is represented by

A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is

A document used to advertise shares for sale is

Which of the following refers to a voluntary association that represents a cross-section of business interests in an area?

Which of the following is used to show that goods imported were produced in an ECOWAS member country

Importing goods into a country re-exporting is know as

Which of the following is a function of the small retailer?

The content of a bill of lading does not include the

Who is responsible for the payment of the bill in a documentary credit

A popular product priced low to attract a larger number of buyers to a shop is called

Centralized buying and decentralized selling are features of

Which of the following is not a feature of a self-service store?

If a share is sold at a price below its face value, it is sold

Mr Ojo buys a book from a bookseller and pays cash. The bookseller will issue him a

A limited company can raise long term capital through the

Which of the following is not a reason for dishonoring a cheque?

Which of the following is not a function of the Central Bank

Treasury bills are bought and sold in the

Which of the following is legal tender

Which of the following is referred to as the oldest form of insurance?

An open cheque is one

Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot. Which of the following insurance principles was breached by Madam Tope?

Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot. Which of the following insurance principles will prevent her from claiming compensation?

Madam Tope insured her shop premises for the sum of D60,000, when insuring the shop,she did not tell the Insurance company that she cooks in the shop, but told the insurance company that she sells second hand clothes. Hence she insured her store against natural causes. Tope's shop got burnt yesterday by fire from the cooking pot. The amount D60,000 quoted represents

If the charterer delayed the ship beyond the lay days, he is asked to pay

Which of the following involves the delivery of mails to a traveler without a fixed address

A document showing full details of the goods and passengers carried in a ship or aircraft is

Which of the following is not a means of water transport

Which of the following provides evidence of receipt of an important document sent through the post?

Which of the following is an advantage of transportation by sea?

Which of the following refers to the division of market into identifiable sub-markets

A specialist on the stock exchange who buys and sells securities in his own name is a

A document showing that a person has shipped certain goods through a named ship is