Commerce Past Questions And Answers
Consumer protection council places an obligation on producers to ensure that their products
- A. are wholesome and safe
- B. are cheap
- C. do not evade customs examination
- D. are branded
Which of the following cheques could not be cashed across the counter?
- A) Crossed cheque
- B) Order cheque
- C) Certified cheque
- D) Bearer cheque
The first known legislation to protect consumer rights in Nigeria is the
- A. Usury Laws
- B. Hire purchase Act
- C. Sales of Goods Act
- D. Foood and Drugs Act
Cum div differs from ex div in that, the later
- A. entitles the purchaser to recieve a company's current dividend
- B. entitles the vendor to recieve a company's current dividend
- C. confirms a purchase or sale made on behalf of a share holder
- D. is a document used to transfer ownership of shares
The provision of scholarship by a firm to needy students is part of its?
- A. political responsibility
- B. economic responsibility
- C. social responsibility
- D. legal reponsibility
The buying and selling of goods and services within a country is called
- A. counter trade
- B. entrepot trade
- C. foreign trade
- D. home trade
A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages
- A. caused by the insured vehicle
- B. to the insured vehicle
- C. cause by the other vehicle
- D. to the driver of insured vehicle
When a government acquires business enterprises formerly owned by individuals, it is termed?
- A. commercialization
- B. indigenization
- C. privatization
- D. nationalization
The enterprise whose main objective is to provide the public with essential services is known as
- A. cooperative society
- B. partnership
- C. private company
- D. public corporation
Land as a factor of production does not vary in
- A. cost
- B. quality
- C. quantity
- D. nature