Jamb Commerce 2003 Past Questions and Answers

Question 46:

• JAMB 2003

The body with the responsibility to register shares for subscription on the stock market in Nigeria is the?

A. Securties and Exchange Commission
B. Nigerian Stock Exchange
C. Nigerian Deposit Insurance Company
D. Central Bank of Nigeria

Question 47:

• JAMB 2003

Money can simply be referred to as a?

A. Medium of exchange
B. Means for the settlement of debts
C. Durable assets for doing business
D. Standard of value

Question 48:

• JAMB 2003

A type of long-term loan granted to companies with fixed interest as well as with redeemable and irredeemable features is referred to as?

A. A denbenture
B. A bond
C. A term loan
D. An overdraft

Question 49:

• JAMB 2003

Public debt management is one of the functions of a?

A. Merchant bank
B. Central bank
C. Commercial bank
D. Development bank

Question 50:

• JAMB 2003

Use the information above to answer questions
What is the owners' equity?

A. N 250 000
B. N 300 000
C. N 420 000
D. N 200 000