- 1. The role of insurance in commerce is essential to ....
A) Minimize business risk
B) Insecure life and property
C) Invest the premium
- 2. The person that receives and directs visitors in an organization is known as....
A) Receptionist
B) Clerk
C) Waiter
- 3. ...... Is a situation in which important information must be kept secret
A) Case study
B) Confidentiality
C) Security
- 4. Insurance against loss of goods carried by ship is.....
A) Fire
B) Marine
C) Burglary
- 5. The regular money paid by the insured to the insurance company is called....
A) Premium
B) Dues
C) Charges
- 6. All these are principles of insurance except....
A) Utmost good faith
B) Subrogation
C) Dividend
- 7. The Apex Bank in Nigeria is......
A) First Bank of Nigeria
B) Union Bank of Nigeria
C) Central Bank of Nigeria
- 8. ......is the bedrock of all business success
A) Honesty
B) Inconsistency
C) Dishonesty
- 9. The money used to start a business is referred to as.....
A) Naira
B) Capital
C) Dollar
- 10. Which of the following can be found in am office?
A) All of the above
B) File cabinets
C) Chairs
- 11. The branch of commerce that covers business risk is known as......
A) Banking
B) Communication
C) Insurance
- 12. The processes through which new products are brought to the notice of the public is known as ______
A) insurance
B) transport
C) advertising
- 13. A banker’s bank in Nigeria is the ______
A) Nigeria bank
B) National bank
C) Central bank
- 14. One of the following is NOT an aid to trade
A) Insurance
B) Advertising
C) Stock
- 15. What is a buyer given for purchasing goods from seller?
A) An order
B) an invoice
C) a receipt
- 16. The following can be insured except
A) gambling
B) Life
C) motor vehicle
- 17. Money used for small expense in an office is called —
A) advance
B) imprest
C) loan
- 18. The arrangement between the insurance company and the insured is called —- insurance
A) premium
B) policy
C) invoice
- 19. good book keeper should have the following qualities except being —
A) neat
B) fast and accurate
C) rough
- 20. …..is the monthly or periodic payment to retired workers
A) charges
B) wages
C) pension
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