Registration of businesses - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 2013

Which of the following will not be stated in a Memorandum of Association

A. Name clause
B. Rights of shareholders
C. Object clause
D. Registered office

Question 17:

• JAMB 2014

The document that explains the types of shares available for sale to the public is

A. A prospectus
B. An invoice
C. An open indent
D. A closed indent

Question 18:

• JAMB 2015

A memorandum of association is applicable to a

A. Partnership
B. Sole trader
C. Joint stock company
D. Public corporation

Question 19:

• JAMB 2018

The board of directors of public enterprise is appointed by who?

A. Employees
B. Management
C. Government
D. Shareholders

Question 20:

• JAMB 2018

Rights issue means the?

A. Issue of shares to the directors of a company.
B. Issue of shares by a company only to the founders of the company
C. Right of shareholders to vote on any issue
D. Issue of shares to shareholders on favorable terms