SS2: COMMERCE – 2ND TERM
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Marine Insurance | Week 13 Topics
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Non-insurable Risks | Week 24 Topics
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Banking – Central Bank of Nigeria | Week 33 Topics|2 Quizzes
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Types of Account | Week 44 Topics|2 Quizzes
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Warehousing | Week 51 Topic|1 Quiz
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Capital | Week 62 Topics|1 Quiz
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Credit | Week 73 Topics|3 Quizzes
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Profit | Week 82 Topics
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Turnover | Week 93 Topics|2 Quizzes
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Business Law | Week 108 Topics
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Question 1 of 10
1. Question
A cheque that bears ‘not negotiable’ simply means           Â
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Question 2 of 10
2. Question
A cheque which a bank official draws on the banks deposit in another bank is known as
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Question 3 of 10
3. Question
A form sold in denominations of convertible currencies is called
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Question 4 of 10
4. Question
An instruction to a bank to pay a certain sum of money to the person named on the cheque or the bearer is
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Question 5 of 10
5. Question
An overdraft is only granted to owners of
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Question 6 of 10
6. Question
Banks do not pay interest to the owners of this account
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Question 7 of 10
7. Question
If the drawer finds genuine reason for not wanting to make the payment, he instructs the bank not to honour the cheque, therefore the cheque will be ____
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Question 8 of 10
8. Question
The benefits of a cheque include the following except
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Question 9 of 10
9. Question
The cheque which a bank draws on its own account to cater for their expenses is called
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Question 10 of 10
10. Question
The simple two parallel lines on the face of the cheque simply mean
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