Ships used for international transport are

• A. oceanliners
• B. yachts
• C. launchers
• D. trawlers

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

• A. Banker to the government
• B. Banker's bank
• C. issuance of currency notes
• D. Granting loans to the public

The share capital of a company stated in the memorandum of association and approved by the registrar of companies is

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

Balance of payments is made up of?

• A. visible and current items
• B. invisible and capital items
• C. current and capital items
• D. visible and invisible items

Why is clear bill of lading called so?

• A. It shows records of damaged goods
• B. It shows no records of damaged goods
• C. It is a clear bill
• D. It signifies no debt is owed

An example of vertical integration is___________

• A. Trust
• B. Cartel
• C. Merger
• D. Price Ring

An instrument that is traded i the second-tier foreign exchange market is?

• A. money order
• B. stock
• C. travellers' cheque
• D. debenture

(a) List four career opportunities available to a student of commerce.

(b) State two functions of an entrepreneur.

(c) Explain the following activities giving two examples of each:

i. extractive industry

ii. construction industry;

iii. manufacturing industry;

iv. tertiary industry.

The difference between the value of imports of goods for a particular year is known as?

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

The market structure, business conditions and financial system in Nigeria constitute the?

• A. economic environment
• B. political environment
• C. cultural environment
• D. technological environment