group policy
whole life policy
endowment policy
term policy
Correct answer is D
Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified "term" of years. In this type of insurance policy, the insurance company is not obligated to compensate the policy holder if they do not die within the time frame covered in the agreement
Which of the following are exclusively functions of marketing?
Buying, pricing, selling and promotion
Risk-bearing, storage, production and transporting
Organizing, risk-bearing, transporting and storage
Production, promotion, distribution and recruiting
Correct answer is A
No explanation has been provided for this answer.
The police and the army are engaged in
direct service occupation
indirect service occupation
industrial occupation
primary occupation
Correct answer is B
People in the indirect service occupation are involved in offering services that are not directly consumed by the consumers. They are not paid directly by the consumers but by the government from the public tax.
For instance; military personnel, civil servants, and law makers indirectly serve the public and are paid by the government by tax payers money.
Which of the following is not a function of the commercial bank?
Collection of deposit
Safe custody services
Issuing of currency
Agents of payment
Correct answer is C
Only the central bank is tasked with the responsibility of issuing currency in a country
One of the main objectives of International Bank for Reconstruction and Development(IBRD) is to
settle interbank indebtedness
lend to poor countries
oversee the activities of banks abroad
encourage trade liberalization
Correct answer is B
The major responsibility of the International Bank for Reconstruction and Development(IBRD) otherwise known as the world is to lend financial aid to poor countries that are torn by war and insecurity for developmental purposes.