Jamb Commerce 2004 Past Questions and Answers

Question 21:

• JAMB 2004

Sources of finance to a business include personal savings, share, debentures and?

A. Loans from IMF
B. Bank overdraft
C. Central bank loans
D. Money from political parties

Question 22:

• JAMB 2004

Charges for loans paid by commercial banks to the Central Bank of Nigeria are called?

A. Bank rates
B. Credits charges
C. Interest rates
D. Bank charges

Question 23:

• JAMB 2004

In a primary market, new shares are issued through?

A. Personal selling, publicity and advertising
B. A prospectus, an offer for sale and bill of exchange
C. Advertising a prospectus, and bill of exchange
D. A prospectus, an offer for sale and placing

Question 24:

• JAMB 2004

The instruments of credit includes?

A. Billboards and postal stamps
B. Payment vouchers and statement of account
C. Bills of exchange and promissory notes
D. Bills of exchange and salary salary vouchers

Question 25:

• JAMB 2004

The shares of a company listed on the stock exchange for sale are referred to as?

A. Registered shares
B. Deferred shares
C. Issued shares
D. Quoted shares