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