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

Question 6:

• JAMB 1999

The forum for the selling and of buying of securities of small and medium companies is called

A. Second Tier Foreign Exchange Market
B. Foreign Exchange Market
C. Securities and Exchange Commission
D. Second Tier Securities

Question 7:

• JAMB 2000

A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it

A. Serves as a mechanism for evaluating an unrealistic exchange rate for the naira
B. Creates unhealthy competition amongst users of foreign exchange
C. Contributes to destabilizing national resource allocation
D. Contributes to flooding the market with foreign essential commodities

Question 8:

• JAMB 2001

One of the main objectives of the Second-tier Securities Market in Nigeria is to

A. Achieved a realistic exchange rate for the naira
B. Eliminate currency dealings in the black market
C. Assist companies to raise capital
D. Attract investment flow

Question 9:

• JAMB 2002

The major responsibility of an entrepreneur is?

A. Employing all factors of production in the business
B. Coordinating and determining the proportion of what to produce
C. Planning and organizing all activities in the business
D. Directing and controlling all the affairs of the business

Question 10:

• JAMB 2002

A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a?

A. Public liability company
B. Joint venture company
C. Limited company
D. Registered company