Jamb Commerce 2004 Past Questions and Answers

Question 26:

• JAMB 2004

What is the role of the capita; market in the privatization exercise in Nigeria?

A. Selling the shares and stocks of the companies to be privtized
B. Encouraging private companies to participate inthe exercise
C. Negotiating with individuals who want to buy public companies
D. Advertising for governement

Question 27:

• JAMB 2004

In international trade, documentary credit is also known as?

A. Credit note
B. Letters of credit
C. Bankers' note
D. Letter of hypothecation

Question 28:

• JAMB 2004

A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?

A. Securities and Exchanfge commission
B. Commodity market
C. Nigerian Stock Exchange
D. Central Bank of Nigeria

Question 29:

• JAMB 2004

A group of assets which a business acquires with the intention of reselling them are referred to as?

A. Current assets
B. Investment assets
C. Fixed assets
D. Intangible assets

Question 30:

• JAMB 2004

Authorized share capital is also known as?

A. Called-up share capital
B. Paid-up share
C. Registered share capital
D. Issued share capital