Second-Tier Securities Market - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

The second tier security market is

A. An appendage to the Nigeria stock exchange
B. A member of the Nigeria stock exchange
C. Meant for the shares of quoted private companies
D. A regulating arm of the Nigerian stock exchange

Question 3:

• JAMB 2019

The difference between the buying price and the selling price of a share is referred to as

A. Commission
B. Profit
C. Jobber's Profit
D. Turnover

Question 4:

• JAMB 1994

The second tier security market is

A. An appendage to the Nigeria stock exchange
B. A member of the Nigeria stock exchange
C. Meant for the shares of quoted private companies
D. A regulating arm of the Nigerian stock exchange

Question 5:

• JAMB 1998

(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?

A. I and ii only.
B. I and iii only
C. I, ii and iii only
D. Ii and iii only.