Jamb Commerce 2001 Past Questions and Answers

Question 11:

• JAMB 2001

The capital employed is

A. N 1,000
B. N 1,370
C. N 140
D. N50

Question 12:

• JAMB 2001

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A. Trust certificate
B. Detachable warrant
C. Mortage bond
D. Converttible securities

Question 13:

• JAMB 2001

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

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

Question 14:

• JAMB 2001

The difference between total current assets and total current liabilities of a business is known as

A. Quick ratio
B. Liquidity ratio
C. Working capital
D. Circulating capital

Question 15:

• JAMB 2001

The capital owned is

A. N2,740
B. N 1,350
C. N1,150
D. N570