2024 - JAMB Commerce Past Questions and Answers - page 2

11

In the event of winding up of a company, who among the following is paid last?

A
Preference Shareholders
B
Ordinary shareholders
C
Cumulative preference shareholders
D
Debenture holders
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12

Which type of advertisement induces consumer to purchase the goods he does not need?

A
Specific
B
Informative
C
Persuasive
D
Descriptive
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13

Which of the following forms part of a company's Article of Association?

A
Nature and object of the business
B
Registered office
C
Goodwill and status of shareholders
D
Name of the company
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14

The activities concerned with changing of raw materials into finished products belong to __occupation.

A
commercial
B
extractive
C
constructive
D
manufacturing
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15

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

A
business reply service
B
cash on delivery service
C
free post service
D
express mail service
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16

Banks issue cheque books to customers holding ___________ accounts.

A
foreign
B
current
C
deposit
D
fixed deposit
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17

One of the easiest means of transporting petroleum product is by

A
pipeline
B
air
C
road
D
rail
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18

Which of these is used in calculating working capital?

A
furniture and fittings
B
stock of raw material
C
machinery
D
office equipment
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19

Shares are said to be sold at a discount when they are sold

A
below par
B
to the public
C
at par
D
above par
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20

Tariff can be defined as a compulsory levy on

A
import and export
B
foreign exchange earnings
C
imported goods only
D
foreigners working in Nigeria
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