Jamb Commerce Past Questions and Answers

Question 1171:

• JAMB 2015

The difference between a private are public limited liability company is that the former

A. Is unable to declare and pay dividend.
B. Has a higher number of share holder
C. Is unable to offer shares to the public.
D. Pays higher salaries to its member

Question 1172:

• JAMB 2015

A type of long-term loan granted to companies with fixed interest rate as well as with redeemable and irredeemable features is referred to as projects.

A. Debenture
B. A bond
C. A term loan
D. An overdraft

Question 1173:

• JAMB 2015

The circulating capital of a business enterprise is classified into

A. Cash, work-in-progress and debtors
B. Cash, Vehicles, land and building
C. Debtors, stocks of raw materials and fitting
D. Prepayments, debtors and equipment

Question 1174:

• JAMB 2015

Use the information below to answer this question.
Mammy Plc, whose nominal capital is made up of 5,000,000 ordinary shares at 50K each, decide to offer 80% of it to the public and realized only 50% of the amount due.
what is the company authorized share authorized share capital?

A. N4,000,000
B. N5,000,000
C. N7,500,000
D. N2,500,000

Question 1175:

• JAMB 2015

A bond which attracts interest but leaves the capital repaid is referred to as

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