Which of the following is not a means of payment in foreign trade?
Telegraphic transfer
Cheque
Letter of credit
Bill of exchange
Correct answer is A
No explanation has been provided for this answer.
Which of the following means restoring the issue to position he was just before the loss occurred
Indemnity
Subrogation
Proximate cause
Utmost good faith
Correct answer is A
No explanation has been provided for this answer.
The expert who calculates premium for an insurance policy is?
an underwriter
an actuary
a broker
an assessor
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not an objective of ECOWAS?
Expansion of trade
Encouraging free movement of persons within member states
Improvement of infrastructural facilities
Promoting a common language
Correct answer is D
No explanation has been provided for this answer.
Which of the following is an example of itinerant trading?
Moblie shops
Mail order Business
Stall holding
Selling from kiosk
Correct answer is A
No explanation has been provided for this answer.