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SS3 Commerce Past Questions and Answers
1st term
Meaning of and need for commerce protection
Consumer right and consumption.
Instrument/agencies for consumer protection
Essential business documents
Essential business documents (2)
Trade terms and abbreviations
Means of payments.
Terms of trade/ sales through bank.
Standing order and bank draft
Means of payment through post office
Meaning, reasons, advantages and disadvantages of commercialization
Meaning, reasons, advantages and disadvantages of privatization
Meaning, reasons, advantages and disadvantages of deregulation.
Meaning, reasons, advantages and disadvantages of nationalization
Capital markets
The historical development; 1946 (development loan stock first issue) 1960; Lagos stock exchange act- 1962, capital issue committee, 1979- capital issue commission
The 1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act.
Stock exchange
Securities; meaning, types, shares, stocks, bonds, gilt-edged and debentures.
Capital market; method of raising fund, offer for sale, offer/subscription, right issue, private placement.
Speculation; meaning, speculators, bull, bear and stage.
Bodies that can access the capital market, public companies, government.
Second tier security market, meaning, advantages to companies, advantages to the investing public.
Second tier security market; operating regulation, primary and secondary market, first tier and second tier
2nd term
ECOWAS, meaning, history, and member countries.
Objectives, Organs, Achievements, problems of ECOWAS
The history, Member countries, Objectives, and achievements, Problems of the Niger basin commission
Lake Chad Basin Commission (LCBC): History, Member countries, Objectives
Mano river basin commission: History, Member countries, Objectives.
Achievements and problems of the Mano River Basin Commission (MRBC)