- 1. The role of insurance in commerce is essential to ....
A) Invest the premium
B) Insecure life and property
C) Minimize business risk
- 2. The person that receives and directs visitors in an organization is known as....
A) Receptionist
B) Waiter
C) Clerk
- 3. ...... Is a situation in which important information must be kept secret
A) Case study
B) Security
C) Confidentiality
- 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) Charges
B) Premium
C) Dues
- 6. All these are principles of insurance except....
A) Dividend
B) Subrogation
C) Utmost good faith
- 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) Dishonesty
B) Inconsistency
C) Honesty
- 9. The money used to start a business is referred to as.....
A) Dollar
B) Capital
C) Naira
- 10. Which of the following can be found in am office?
A) File cabinets
B) Chairs
C) All of the above
- 11. The branch of commerce that covers business risk is known as......
A) Communication
B) Banking
C) Insurance
- 12. The processes through which new products are brought to the notice of the public is known as ______
A) transport
B) advertising
C) insurance
- 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) Stock
B) Insurance
C) Advertising
- 15. What is a buyer given for purchasing goods from seller?
A) an invoice
B) a receipt
C) An order
- 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) imprest
B) loan
C) advance
- 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) pension
B) wages
C) charges
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