A specialized market where stocks and shares are bought and sold is

• A. money market
• B. commodity exchange market
• C. perfect market
• D. stock exchange market

A document through which the public is invited to subscribe to the shares of a company is a

• A. Memorandum of Association
• B. Article of Association
• C. Prospectus
• D. Debenture

A stale cheque is one on which the date for payment is

• A. overdue
• B. yet to come
• C. missing
• D. due

The term which enjoins a buyer to examine goods thoroughly before making payment is?

• A. uberimae fidei
• B. caveat venditor
• C. consumer sovereignty
• D. caveat emptor

Which of the following is not a contract of indemnity

• A. Marine insurance
• B. Fire insurance
• C. Life Assurance
• D. Burglary insurance

The type of letters that are delivered through the normal mail or by airmail express service is referred to as

• A. express letters
• B. registered letters
• C. inland letters
• D. airmail letters

Which of the following organizations provide essential goods and services at low cost to citizens?

• A. Thrift societies
• B. public enterprises
• C. private companies
• D. cooperative societies

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

• A. a bounced cheque
• B. a bearer cheque
• C. a crossed cheque
• D. an order cheque

The process of changing raw materials into finished goods is ________

• A. construction
• B. extraction
• C. manufacturing
• D. marketing

The money issued by Ola Maro and Co Ltd. in running the day to day activities of the business is represented by

• A. fixed capital
• B. capital employed
• C. paid-up capital
• D. working capital