Which of the following is not true of insurance?
A large number of pecple face the same risk
A Possibility of making profit out of an event
only a small number will actually suffer the loss in any one year
A large number makes a small contribution to a common pool
Possibility of assessing the frequency of occurrence of the event
Correct answer is B
No explanation has been provided for this answer.
Which of the following belongs to the capital market?
Commercial bank
Savings bank
Stock exchange
Bureau de change
Clearing house
Correct answer is C
No explanation has been provided for this answer.
Another name for shares, stocks and debentures traded in the stock exchange is?
collateral
securities
wares
partcipating`preference shares
cumulative preference shares
Correct answer is B
No explanation has been provided for this answer.
agreement between two trading countries
conditions attached to specific trade transaction
the relationship between export and import prices
the difference between the value imports and exports
all payments made-to other countries and receipts from them
Correct answer is C
No explanation has been provided for this answer.
Which of the following documents is used when goods are sent on approval?
Catalogue
Delivery note
Receipt
Advice note
Pro forma invoice
Correct answer is E
No explanation has been provided for this answer.