Jamb Commerce Past Questions and Answers

Question 1116:

• JAMB 2014

An agent who transacts business with the broker in the stock exchange is a

A. Stag
B. Bull
C. Del credere
D. Jobber

Question 1117:

• JAMB 2014

A document sent by a broker to his client to confirm a purchase or sale made on his behalf is

A. Delivery note
B. Consignment note
C. Transfer form
D. Contract note

Question 1118:

• JAMB 2014

Cum div differs from ex div in that, the later

A. Entitles the purchaser to recieve a company's current dividend
B. Entitles the vendor to recieve a company's current dividend
C. Confirms a purchase or sale made on behalf of a share holder
D. Is a document used to transfer ownership of shares

Question 1119:

• JAMB 2014

The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is

A. Arbitage
B. Franco
C. Contango
D. Backwardation

Question 1120:

• JAMB 2014

Which of the following regulates and controls the activities in the Nigerian Stock Exchange?

A. BPE
B. SEC
C. NDIC
D. CBN