2004 - JAMB Commerce Past Questions and Answers - page 3
21
Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?
A
bank rates
B
credits charges
C
interest rates
D
bank charges
correct option: a
Users' Answers & Comments22
In a primary market, new shares are issued through?
A
personal selling, publicity and advertising
B
a prospectus, an offer for sale and bill of exchange
C
advertising a prospectus, and bill of exchange
D
a prospectus, an offer for sale and placing
correct option: b
Users' Answers & Comments23
The instruments of credit includes?
A
billboards and postal stamps
B
payment vouchers and statement of account
C
bills of exchange and promissory notes
D
bills of exchange and salary salary vouchers
correct option: c
Users' Answers & Comments24
The shares of a company listed on the stock exchange for sale are referred to as?
A
registered shares
B
deferred shares
C
issued shares
D
quoted shares
correct option: d
Users' Answers & Comments25
What is the role of the capita; market in the privatization exercise in Nigeria?
A
Selling the shares and stocks of the companies to be privtized
B
Encouraging private companies to participate inthe exercise
C
Negotiating with individuals who want to buy public companies
D
Advertising for governement
correct option: a
Users' Answers & Comments26
In international trade, documentary credit is also known as?
A
credit note
B
letters of credit
C
bankers' note
D
letter of hypothecation
correct option: b
Users' Answers & Comments27
A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?
A
Securities and Exchanfge commission
B
commodity market
C
Nigerian Stock Exchange
D
Central Bank of Nigeria
correct option: a
Users' Answers & Comments28
A group of assets which a business acquires with the intention of reselling them are referred to as?
A
current assets
B
investment assets
C
fixed assets
D
intangible assets
correct option: a
Users' Answers & Comments29
Authorized share capital is also known as?
A
called-up share capital
B
paid-up share
C
registered share capital
D
issued share capital
correct option: c
Users' Answers & Comments30
An action taken by a company outside its object clause is regarded as?
A
ultra vires
B
a trespass
C
uberrima fides
D
caveat emptor
correct option: a
Users' Answers & Comments