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
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
45
The major participants in the stock market when stock prices are rising generally are the?
A
bulls
B
registrars
C
bears
D
companies
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
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
Ask EduPadi AI for a detailed answer
Share this question
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?
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
Ask EduPadi AI for a detailed answer
Share this question