Types Of Securities - Commerce Jamb Past Questions and Answers

Question 6 :

• JAMB 1998

The type of securities that the stock exchange deals with are

A. Warrants, currency notes, money orders and postal orders
B. Cheques, bankdrafts , warrants and promissory notes
C. Bonds ivory, treasure bills, debentures and warrants
D. Stocks, shares, bonds and warrants.

Question 7 :

• JAMB 1999

Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu

A. Is entitled always to a cumulative dividends accruing from the shares
B. Is entitled to the next dividends due to the shares
C. Will not be entitled to the next dividends due to the shares
D. Still owes N3 on the shares which will be subtracted from the dividends

Question 8 :

• JAMB 1999

A wholesaler dealer in securities is known as a

A. Stockborker
B. Speculator
C. Jobber
D. Stag

Question 9 :

• JAMB 2001

The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?

A. Trust certificate
B. Detachable warrant
C. Mortage bond
D. Converttible securities

Question 10 :

• JAMB 2002

Debentures differ from shares in that

A. They are secured on the company's assets
B. Ownership is open to the public
C. They form part of the capital of the business
D. Rewards are usually paid out of profits