The two main categories under which marine losses fall into are
Total loss and partial loss
Voyage policy loss and time policy loss
Particular loss and average loss
Actual loss and general loss
Correct answer is A
the two main types of marine loss are total and partial loss
2 Types of Marine Losses are Total Loss and Partial Loss
A debenture holder is entitled to
Dividend
Interest
commission
Profit
Correct answer is B
a debenture is defined as a certificate of agreement of loans which is given under the company's stamp and carries an undertaking that the debenture holder will get a fixed return (fixed on the basis of interest rates) and the principal amount whenever the debenture matures.
The interest is calculated on the face value of the debentures. This interest amount is paid periodically, generally yearly or half-yearly. The interest is a charge against the profit of the company.
------------------- is a source of short term capital?
Shares
Overdraft
debenture
leasing
Correct answer is B
Short term capital is Liquid funds or assets that can be turned into liquid funds within less than a one year period. The amount of short-term capital that a business has available to it typically determines how much it can afford to devote to its operating expenses and will often affect its growth rate.
overdraft is an example of short term capital
Which of the following regulates and controls the activities in the Nigeria Stock Exchange
SEC
CBN
BPE
NDIC
Correct answer is A
The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market
The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but the SEC maintains surveillance over it with the mandate of ensuring orderly and equitable dealings in securities, and protecting the market against insider trading abuses.
Money is generally acceptable for transaction due to
The rule of the law
Its acceptability in the global market
The legal backing
The central bank’s Governor’s signature
Correct answer is C
Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation