Which of the following is not a means of controlling credit by the Central Bank?
Fixing the bank rate
Open market operations
Clearing inter-bank indebtedness
Special deposits
Cashliquidity ratio
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true of rail transport?
Suitable for perishable goods
Fast over long distances
Maximum handling of goods
Gaurantees safety of goods
Does not travel on schedule
Correct answer is D
No explanation has been provided for this answer.
Credit in business transaction is?
a form of loan
compliment to a good customer
provision of services
a means of saving money
a rebate for large purchases
Correct answer is A
No explanation has been provided for this answer.
Which of the following is not connected with after-sales services?
Installment
Granting trade discount
Providing spare parts
Repairing of product
Replacing damaged goods
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a feature of hire purchase?
Customer pays initial deposit
Customer pays purchase price plus interest
Payment is by instalment
Ownership of goods passes to the customer on payment of a deposit
Generally suitable for sales of durable goods
Correct answer is D
No explanation has been provided for this answer.