Registration of businesses - Jamb Commerce Past Questions and Answers

Question 6:

• JAMB 1997

The object of the business are determined by the

A. Workers
B. Government
C. Society
D. Promoters

Question 7:

• JAMB 1997

The total amount that a company is allowed to raised according to its memorandum of association is known as

A. Issued capital
B. Authorized capital
C. Called-up capital
D. Paid-up capital

Question 8:

• JAMB 1998

A provision in the charter of a company which gives holders of common stock the first option to purchase additional issues of the firm's common stock is known the?

A. Pre-emptive right
B. Shareholders right
C. Ex-dividend right
D. Over-subscription right

Question 9:

• JAMB 1999

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

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

Question 10:

• JAMB 2000

After registration, a certificate of trading is usually issued to a

A. Partnership
B. Public company
C. Private company
D. Sole proprietorship