Which of the following statements is not true of cheques? They

A. provide an alternative to carrying large sums of money around

B. can be written out for any amount needed

C. are legal tender

D. provides a form of receipt

E. provide a record of payment made

Which of the following are not agents of distribution

A. Wholesalers

B. Retailers

C. Consumers

D. Government agencies

E. Cooperative societies

One of the greatest demerits of the middlemen in Nigeria is that they

A. increase the price of goods and services at will

B. Sell in small units only

C. Store goods in warehouse that are not spacious enough

D. Sell on credit to retailers only

E. Do not advertise their goods

When a business has an unlimited liability

A. the owner are not responsible for all its financial debts

B. all its profits can be taxed by the government

C. the owners are responsible for all its financial debts

D. all its assets belongs to the members of its board of directors

E. it ceases to exist at the death of one of its owner

When a country has a large labour forvce , it is beneficial to use a method of production which is

A. capital intensive

B. land intensive

C. labour intensive

D. mechanically intensive

E. technically intensive

Which of the following are determinants of the rate of population growth?

A. Birth rate, immigration and death rate

B. birth rate, death rate and emigration

C. Death rate , birth rate and net migration

D. Migration, large families and birth rate

E. Death rate, migration and mortality rate

The concentration of industries in one place is referred to as

A. location of industries

B. multiplication of industries

C. pluralization of industries

D. proliferation of industries

E. localization of industries

Which of the following best describes the budget? A

A. plan of government's needs and expenditure for a year

B. detailed estimate of government financial operation for a year

C. satisfactory balance between income and expenditure for one year

D. plan for importation of essential goods and services for one year

E. plan for control of government industries and corporations for one year

Which of the following is not done by the NNPC?

A. production of crude oil

B. Refining of crude oil

C. Exploration for crude oil

D. Exploitation of crude oil

E. Pricing of crude oil

One major function of the Central Bank is to

A. mint money

B. hold demand deposit and honour cheques

C. act as a medium of exchange

D. create money

E. control and regulate money supply