Jamb Commerce 1997 Past Questions and Answers

Question 16:

• JAMB 1997

In which of the following circumstances is a court order NOT necessary for the winding up of a company?

A. Supension of businesss for one year
B. Special resolution of members
C. Reduction in the number of members below the legal minimum
D. Inability to pay it debts

Question 17:

• JAMB 1997

One type of investment that have a variable income is

A. Debentures
B. Preferred shares
C. Government bonds
D. Ordinary shares

Question 18:

• JAMB 1997

A term which indicates that share is temporarily suspended is

A. Ex-dividend
B. Cum-dividend
C. Bond
D. Stock

Question 19:

• JAMB 1997

Leasing is the right to use asset for an agreed period in return for

A. Profit
B. Interest
C. Wages
D. Rents

Question 20:

• JAMB 1997

The form of business financing which involves pledging of a specific asset is

A. Debenture
B. Mortgage
C. Loan
D. Bond