Jamb Commerce 2015 Past Questions and Answers

Question 21:

• JAMB 2015

Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?

A. Not yet been issued
B. Been applied for but not issued
C. Not been paid-up
D. Been issued but have not been paid-up

Question 22:

• JAMB 2015

Which of the following best describes an invoice?

A. Contractual agreement for the sale of goods
B. Document specifying quantity, description, prices and total value of purchase .
C. Receipt containing necessary information about the goods.
D. Letter specifying the contractual sales of goods between two parties

Question 23:

• JAMB 2015

A direct service is rendered by

A. State counsels
B. Civil servants
C. Police
D. Family doctor

Question 24:

• JAMB 2015

The business organization established mainly for the purpose of carrying out specific assignment for a specific duration is a

A. Partnership
B. Company
C. Joint venture
D. Co-operative society

Question 25:

• JAMB 2015

Second-tier securities market differs from the first-tier securities market in that the former is

A. Highly restricted
B. Regulated by SEC
C. Regulated by NIPC
D. Less restricted.