the total of share capital which a company should be allowed to issued is known as?

• A. called-up capital
• B. paid-up capital
• C. nominal capital
• D. issued capital

One of the reasons for national of industries is?

• A. for efficient management
• B. to comtrol corruoption and nepotism
• C. increase the number of shareholders
• D. to control corruption performance of strategic industries

Which of the following is not a duty of a credit union?

• A. Helping members to save
• B. Granting loans
• C. Advising on the use of funds
• D. Confirming members' indebtedness

Bank overdraft as a short term source of fund is

• A. an overdrawn account
• B. granted to a newly opened account
• C. repayable after more than a year
• D. a current liability

The major difference between insurance and assurance is that while insurance

• A. takes care of uncertainty, assurance takes care of risks
• B. takes care of risks , assurance takes care of uncertainty
• C. hinges on probabilities, assurance is based on possibilities
• D. is about indemnity, assurance is about life in the future

Production is defined as

• A. an industrial undertaking
• B. creation of utility
• C. earning one's daily bread
• D. the changing of raw materials

The major condition for obtaining loan in thrift, credit and loans cooperative societies is

• A. provision of collateral security
• B. a high level of education
• C. possesssion of a large business
• D. an approved project plan

A major objective of all business resources is ______

• A. public relation
• B. profit sharing
• C. human relation
• D. profit making

Those who are engaged in exploiting natural resources are in?

• A. extractive occupation
• B. constructive occupation
• C. commercial occupation
• D. manufacturing occupation

The law by which a seller transfers the property in goods to a buyer at an agreed price is the

• A. Weights and Measures Act
• B. Trade Description Act
• C. Sale of Goods Act
• D. Foods and Drugs Act