Sources of finance - Jamb Commerce Past Questions and Answers

Question 11:

• JAMB 2004

Sources of finance to a business include personal savings, share, debentures and?

A. Loans from IMF
B. Bank overdraft
C. Central bank loans
D. Money from political parties

Question 12:

• JAMB 2007

The selling of new shares to exist shareholders is referred to as?

A. Public issue
B. Offer for sale
C. Rights issue
D. Bonus issue

Question 13:

• JAMB 2008

The cheapest source of funds available to a company is through?

A. The sale of shares
B. Retained profits
C. The sale of bonds
D. Lease financing

Question 14:

• JAMB 2011

The major source of income to commercial banks is?

A. Tourism
B. Banking
C. Communication
D. Transportation

Question 15:

• JAMB 2011

A source of business financing which involves pledging of a specific assets is?

A. Bond
B. Mortage
C. Debentures
D. Loan