Stock Exchange - Jamb Commerce Past Questions and Answers

Question 16:

• JAMB 1997

A markets where new shares are trade is known

A. Primary market
B. Stock exchange
C. Secondary markets
D. Money market

Question 17:

• JAMB 1997

When a firm speaker of stock appreciation, it refers to

A. Change in the value of its stocks resulting from price movement
B. Increase in the price of it shared quoted on the stock exchange
C. An unexpected increase in the demand of its stock
D. The value of its stock in the stock exchange

Question 18:

• 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 19:

• JAMB 1998

(i) Companies must be registered as private limited liability companies. (ii)Companies must not have less than 100 shareholders (iii) No shareholder may have more than 75% of issued shared capital. What of the above are requirements for admission into the second-tier securities market?

A. I and ii only.
B. I and iii only
C. I, ii and iii only
D. Ii and iii only.

Question 20:

• 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