2003 - JAMB Commerce Past Questions and Answers - page 3
21
The market structure, business conditions and financial system in Nigeria constitute the?
A
economic enironment
B
political environment
C
cultural environment
D
technological environment
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22
The protection of consumers against exploitation by manufacturers is to ensure?
A
thaty there are varieties of product
B
that the right quality of goods and services is sold
C
increase in production capacity
D
increase in the level of consumers awareness
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23
The most widely used computer language that focuses on solving science-oriented problems is?
A
FORTRAN
B
BASIC
C
ADA
D
COBOL
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24
Banks are engaged in the business of buying and selling of?
A
bills of exchange
B
instruments of credit
C
intangible products
D
land
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25
A source of short-term finance to companies is?
A
share capital
B
debentures
C
retained earnings
D
corperate tax
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26
An essential factor for evaluating the different sources of funds for a business is the?
A
decree establishing the business
B
ownership structure of the business concern
C
size and the type of the business
D
burden of cost and repayment
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27
The body with the responsibility to register shares for subscription on the stock market in Nigeria is the?
A
Securties and Exchange Commission
B
Nigerian Stock Exchange
C
Nigerian Deposit Insurance Company
D
Central Bank of Nigeria
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28
Money can simply be referred to as a?
A
medium of exchange
B
means for the settlement of debts
C
durable assets for doing business
D
standard of value
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29
A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?
A
a denbenture
B
a bond
C
a term loan
D
an overdraft
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30
Public debt management is one of the functions of a?
A
merchant bank
B
central bank
C
commercial bank
D
development bank
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