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
correct option: b
Users' Answers & Comments42
Initial public offering is undertaken through the?
A
secondary securities market
B
first-tier securities market
C
primary securities
D
second-tier securities market
correct option: b
Users' Answers & Comments43
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
correct option: a
Users' Answers & Comments44
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
correct option: b
Users' Answers & Comments45
The major participants in the stock market when stock prices are rising generally are the?
A
bulls
B
registrars
C
bears
D
companies
correct option: a
Users' Answers & Comments46
The fixed and current assets of a business are called?
A
called up capital
B
capital employed
C
paid-up capital
D
authorized capital
correct option: b
Users' Answers & Comments47
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
correct option: a
Users' Answers & Comments48
A good financial instrument which serves as a hedge against inflation is?
A
a bond
B
a share
C
an opion
D
a warrant
correct option: a
Users' Answers & Comments49
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
correct option: c
Users' Answers & Comments50
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?
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
correct option: d
Users' Answers & Comments