Stock Exchange - Jamb Commerce Past Questions and Answers

Question 46:

• JAMB 2006

A bond which attracts only interest but leaves the capital unpaid is referred to as?

A. A long-term loan
B. A develoment bond
C. A redeemable bond
D. An irredeemable bond

Question 47:

• JAMB 2006

A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.
If the shares were fully subscribed, calculate the issued capital?

A. N4 000 000
B. N2 000 000
C. N1 000 000
D. 500 000

Question 48:

• JAMB 2006

The main requirement for admission to the second-tier securities markets is the?

A. Provision of a three-year trading record
B. Disclosure of all trading activities
C. Creation of a good atmosphere for growth and development
D. Guranteeing dividends to shareholders

Question 49:

• 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 50:

• 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