For overstaying in a port, a ship is charged a fine called
dock due
commission
interest
demurrage
Correct answer is D
Demurrage refers to the penalty fee paid by cargo ship operators for over staying in a dock.
A ship that travels without schedule is called a
passenger liner
tramp
cargo liner
tanker
Correct answer is B
Tramps are ships that do not follow a fixed schedule or route for their operations
Which of the following is a source of capital to a sole proprietorship?
Loans from friends
Admission of new member
Issue of shares
Issue of debentures
Correct answer is A
One of the sources of funds for sole traders is the loans they get from family and friends. While it takes little or no legal documentation to establish a sole proprietorship, getting funds to finance the business has always posed a constraint to its growth. Hence the business owner is left with sourcing funds from either friends and families, grants, or plough-back profits.
The mode of conveying liquids and gases through an underground channel is
pipeline
rail transport
road transport
sea transport
Correct answer is A
Pipeline transportation is the means of transportation in which gas or liquid substance are moved from one place to another.
The letters R/D on a cheque shows that the cheque is
paid
dishonoured
certified
accepted
Correct answer is B
RD on a cheque means ''Refer to Drawer''
This means the cheque cannot be honored due to one reason or the other, which in this case could be a result of insufficient funds in the bank account.
Hence the bearer of the cheque is referred back to the account holder/owner.