- 1. The role of insurance in commerce is essential to ....
A) Insecure life and property B) Invest the premium C) Minimize business risk
- 2. The person that receives and directs visitors in an organization is known as....
A) Receptionist B) Waiter C) Clerk
- 3. ...... Is a situation in which important information must be kept secret
A) Confidentiality B) Security C) Case study
- 4. Insurance against loss of goods carried by ship is.....
A) Marine B) Burglary C) Fire
- 5. The regular money paid by the insured to the insurance company is called....
A) Premium B) Dues C) Charges
- 6. All these are principles of insurance except....
A) Utmost good faith B) Subrogation C) Dividend
- 7. The Apex Bank in Nigeria is......
A) Central Bank of Nigeria B) Union Bank of Nigeria C) First Bank of Nigeria
- 8. ......is the bedrock of all business success
A) Dishonesty B) Inconsistency C) Honesty
- 9. The money used to start a business is referred to as.....
A) Dollar B) Capital C) Naira
- 10. Which of the following can be found in am office?
A) All of the above B) File cabinets C) Chairs
- 11. The branch of commerce that covers business risk is known as......
A) Insurance B) Banking C) Communication
- 12. The processes through which new products are brought to the notice of the public is known as ______
A) advertising B) transport C) insurance
- 13. A banker’s bank in Nigeria is the ______
A) Central bank B) National bank C) Nigeria bank
- 14. One of the following is NOT an aid to trade
A) Insurance B) Advertising C) Stock
- 15. What is a buyer given for purchasing goods from seller?
A) An order B) a receipt C) an invoice
- 16. The following can be insured except
A) motor vehicle B) Life C) gambling
- 17. Money used for small expense in an office is called —
A) advance B) loan C) imprest
- 18. The arrangement between the insurance company and the insured is called —- insurance
A) policy B) premium C) invoice
- 19. good book keeper should have the following qualities except being —
A) fast and accurate B) rough C) neat
- 20. …..is the monthly or periodic payment to retired workers
A) pension B) charges C) wages
|