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4586

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock D3,000. The average
stock is

 

  • A. D3,000
  • B. D2,500
  • C. D5,000
  • D. D2,000
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4587

Which of the following is the clearing house for all the banks in the country?

 

  • A. The Nigerian Industrial Development Bank
  • B. The Central Bank of Nigeria
  • C. The Nigerian Bank for Commerce and Industry
  • D. The Federal Mortgage Bank of Nigeria
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4588

An insurance policy that covers the body of the ship only is called

 

  • A. Voyage insurance
  • B. Haulage insurance
  • C. Hull insurance
  • D. Cargo insurance
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4589

Encouraging a high quality of member's products through the circulation of research information is a function of

 

  • A. Consumers' Association
  • B. Manufacturers Association
  • C. Employers' Association
  • D. Trade Union
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4590

Which of the following carries specialized goods?

 

  • A. Ferry
  • B. Liner
  • C. Tanker
  • D. Tramp
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