Commerce Past Questions And Answers
2471
One of these is a current asset
- A. Fittings
- B. Machineries
- C. Motor vehicles
- D. stock
2472
Which of the following is an internal source of capital to a business concern?
- A. Trade credit
- B. Debenture
- C. overdraft
- D. Retain profit
2473
What are fixtures and fittings in a balance sheet?
- A. liquid capital
- B. current assets
- C. fixed assets
- D. working capital
2474
In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to
- A. increase profit of service providers
- B. protect the interest of government
- C. encourage more people into the business
- D. protect the interest of consumers
2475
One disadvantage of indigenization is that it
- A. discourages foreign control of an economy
- B. encourages local retention of profits
- C. encourages the participation of indigenes in economic development
- D. discourages foreign investment
2476
Which of the following is not a function of warehousing
- A. Creating security of goods
- B. Stabilization of price
- C. Production ahead of demand
- D. Storage of goods
2477
RRF as a scheme introduced by the Central Bank of Nigeria means
- A) Recording and Rediscounting Faculty
- B) Refinancing and Recording Faculty
- C) Refinancing and Rediscounting Faculty
- D) Refinancing and Reinvesting Faculty
2478
A cheque drawn by a bank on itself is a/an
- A. direct debit
- B. bank draft
- C. bank transfer
- D. overdraft
2479
Which of the following is a safest way of sending important documents through the post
- A. Registered mail
- B. Parcel post
- C. Letter post
- D. Express mail
2480
A post office service which provides an alternative to delivery of mails by a postman is the?
- A. Post Office Box
- B. Postcode
- C. Business Reply Service
- D. Post Office guide