Jamb Commerce 2005 Past Questions and Answers

Question 46:

• JAMB 2005

The excess of the assets over the liabilities of a business is called?

A. Working capital
B. Net worth
C. Capital employed
D. Initial capital

Question 47:

• JAMB 2005

The bank that discount bills of exchange is the?

A. Central bank
B. Mortage bank
C. Development bank
D. Comercial bank

Question 48:

• JAMB 2005

The major participants in the stock market when stock prices are rising generally are the?

A. Bulls
B. Registrars
C. Bears
D. Companies

Question 49:

• JAMB 2005

The fixed and current assets of a business are called?

A. Called up capital
B. Capital employed
C. Paid-up capital
D. Authorized capital

Question 50:

• JAMB 2005

To increase the supply of money in a country, the central bank has to?

A. Reduce cash ratio
B. Sell securities
C. Call on special deposits
D. Raise cash ratio