Jamb Commerce 1998 Past Questions and Answers

Question 26:

• JAMB 1998

The assets, liabilities and general management of a distressed bank may be taken over by?

A. International Bank for Reconstruction and development
B. Nigeria Industrial Development Bank
C. Nigeria Banks Deposit Insurance corporation
D. Nigeria Bank for Commerce and Industry

Question 27:

• JAMB 1998

The type of securities that the stock exchange deals with are

A. Warrants, currency notes, money orders and postal orders
B. Cheques, bankdrafts , warrants and promissory notes
C. Bonds ivory, treasure bills, debentures and warrants
D. Stocks, shares, bonds and warrants.

Question 28:

• JAMB 1998

(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?

A. I and ii only.
B. I and iii only
C. I, ii and iii only
D. Ii and iii only.

Question 29:

• JAMB 1998

An underlined principle in the marketing of goods is that firms should

A. Train their personnel
B. Be consumers oriented
C. Advertise the goods
D. Sell through outlets

Question 30:

• JAMB 1998

Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?

A. Market skimming
B. Market penetration
C. Product live promotion
D. Above the market pricing