QUIZES ON AIDS TO TRADE

An aspect of commerce that facilitates the distribution of products is?

Transportation

Correct Incorrect Correct answer

Advertising

Correct Incorrect Correct answer

Branding

Correct Incorrect Correct answer

Trading

Correct Incorrect Correct answer

Goods discharged from ships on which import duties have not been paid are kept in the

Ordinary warehouse

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Public warehouse

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Private warehouse

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Bonded warehouse

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The risks that can be forecast and measured is termed___________

Gambling

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Insurable risks

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Measurable risk

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Non Insurable Risk

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The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be________

The type of insurance policy that is compulsory in International trade so that all goods passing through the sea must be covered is considered to be

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Aviation Insurance

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Marine Insurance

Correct Incorrect Correct answer

Life Insurance

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First Bank of Nigeria is an example of

Commercial bank

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Central bank

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Development bank

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Merchant bank

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An abridged message sent at express speed to reach its destination faster than the airmail letters is known as

Telephone

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Telex

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NITEL

Correct Incorrect Correct answer

Someone traveling abroad for at least “twenty – four hours” and a maximum stay of six months is known as

Transportation

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Tourism

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International trade

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Domestic tourism

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Which of the following statements is TRUE about sea transport?

All ships have specific routes to ply

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All ships must be insured at every journey

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All ships are insured separately from the crew

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All ships normally arrive at their destination with goods

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Which of the following are the components of commerce?
I Trading and advertising
II Warehousing and transportation
III Packaging and branding
IV Insurance and banking

I and II

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I and III

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I, II and IV

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II, III and IV

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Transport, retailing and wholesaling industries rely heavily on

Banking

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Insurance

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Manufacturing

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Railway

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Bank overdraft as a short term source of fund is

An overdrawn account

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Granted to a newly opened account

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Repayable after more than a year

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A current liability

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QUIZES ON AIDS TO TRADE

QUIZES ON AIDS TO TRADE

Thomas Bamidele March 1, 2024

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