A cheque drawn by a bank on itself is a/an
direct debit
bank draft
bank transfer
overdraft
Correct answer is B
A bank draft is a cheque drawn by a bank on its own funds.
Which of the following is an example of large-scale retailing?
Hawking
Mobile shops
Kiosks
Department stores
Correct answer is D
Large-Scale Retailers
The relationship between all imports and exports of a country is known as
terms of trade
balance of trade
balance of payment
terms of payment
Correct answer is B
Balance of trade is the difference in value between a country's imports and exports.
F.O.R
C.I.F
F.A.S
Loco
Correct answer is C
"Free Alongside Ship" means that the seller fulfils his obligation to deliver when the goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment.
An issuing house is an outlet for
new shares and bonds
non-listed companies shares
existing shares and bonds
only gilt-edged securities
Correct answer is C
Issuing house. a financial institution that arranges and underwrites the issue of new STOCKS and SHARES on behalf of corporate clients on the STOCK EXCHANGE.