Jamb Commerce 2006 Past Questions and Answers

Question 16:

• JAMB 2006

Which of the following is a development bank in Nigeria?

A. Union Bank Plc
B. First Bank Plc
C. First City Monument Bank
D. Federal Mortgage Bank

Question 17:

• JAMB 2006

Trading on the stock exchange in anticipation of price change in the market value of shares is?

A. Speculation
B. Forecasting
C. Expectation
D. Projection

Question 18:

• JAMB 2006

A financial institution which uses its capital strength to acquire controlling interests in other firms can be regarded as a?

A. Subsidiary company
B. Holding company
C. Trusth
D. Cartel

Question 19:

• JAMB 2006

A current account is beneficial to its holder as?

A. Cheques can be issued to anybody
B. Customers cannot withdraw frequently
C. It is only the holder that can make withdrawals
D. It allows customers the use of passbooks

Question 20:

• JAMB 2006

The conversion of raw materials into finished products creates?

A. Form utility
B. Marginal utility
C. Place utility
D. Time utility