2005 - JAMB Commerce Past Questions and Answers - page 5
41
The market where only indigenous firms are considered is the?
A
money market
B
second-tier securities market
C
local market
D
stock exchange
42
Initial public offering is undertaken through the?
A
secondary securities market
B
first-tier securities market
C
primary securities
D
second-tier securities market
43
From which of the following sources can partnerships increase their capital?
A
Admission of a new partner
B
Sale of shares
C
Discharge of a mortage
D
initial capital
44
The excess of the assets over the liabilities of a business is called?
A
working capital
B
net worth
C
capital employed
D
initial capital
45
The major participants in the stock market when stock prices are rising generally are the?
A
bulls
B
registrars
C
bears
D
companies
46
The fixed and current assets of a business are called?
A
called up capital
B
capital employed
C
paid-up capital
D
authorized capital
47
To increase the supply of money in a country, the central bank has to?
A
reduce cash ratio
B
sell securities
C
call on special deposits
D
raise cash ratio
48
A good financial instrument which serves as a hedge against inflation is?
A
a bond
B
a share
C
an opion
D
a warrant
49
One advantage of a crossed cheque is that it can?
A
only be paud into a savings account
B
be cashed over the bank's counter
C
only be paid into the owner's account
D
be cashed by anyone
50
Given:
Sales...........................N15 000
Opening stock...................N5 600
Purchases.......................N9 700
Closing stock...................N4 400
Gross profit....................N4 500
Net profit......................N2 200
From the data above, calculate the rate of turnover?
A
3:50 times
B
3:00 times
C
2:00 times
D
2:18 times
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