A floating policy is an example of?

• A. marine insurance
• B. actuaries insurance
• C. motor insurance
• D. fire insurance

A documentary bill will normally be accompanied by

• A. sales invoice, bill of lading and insurance certificate
• B. clean bill, bill of lading, and insurance certificate
• C. bill of lading, consular invoice, and insurance certificate
• D. consular invoice, FOB certificate and bill of lading

The pooling of business information for the benefit of members is a major function of a?

• A. pressure group
• B. trade association
• C. cultural group
• D. trade union

The type of securities that the stock exchange deals with are

• A. warrants, currency notes, money orders and postal orders
• B. cheques, bankdrafts , warrants and promissory notes
• C. bonds ivory, treasure bills, debentures and warrants
• D. stocks, shares, bonds and warrants.

Not Negotiable on a cheque means

• A. ownership can be transferred to the third party by mere delivery
• B. the cheque can be paid over the counter on endorsement
• C. the holder has no better title than the person person who transfers it
• D. ownership rests with the one who issued the cheque

A document which advertise the shares of a company is known as a?

• A. memorandum of satisfaction
• B. dividend warrant
• C. deed
• D. prospectus

Mr ojo paid Noak the sum of N3,000 for a piece of land without signing a deed of sale. the lement of contract which is lacking is?

• A. valuable consideration
• B. formality
• C. offer and acceptance
• D. capacity

A proforma invoice is not required when

• A. quoting for the supply of good
• B. dealing regularly with a customer
• C. goods are sent on approval
• D. final prices are uncertain

The comparison of a country's visible and invisible exports and imports expressed in monetary term is?

• A. balance of payment
• B. terms of trade
• C. balance of trade
• D. terms of payment

Charges paid by a for staying at at a port beyond agreed sailing time is called?

• A. profit
• B. interest
• C. holding
• D. demurrage