Jamb Commerce Past Questions and Answers

Question 306:

• JAMB 1998

The most important difference between community banks and peoples’ bank is that the?

A. Latter is owned solely by government while the former are not
B. Former cater for ruler dwellers while the latter cater for both rural and urban dwellers
C. Former are service oriented while the latter are profit oriented
D. Latter advances loans to the public while former advance loans to the rural dwellers only.

Question 307:

• JAMB 1998

The assets, liabilities and general management of a distressed bank may be taken over by?

A. International Bank for Reconstruction and development
B. Nigeria Industrial Development Bank
C. Nigeria Banks Deposit Insurance corporation
D. Nigeria Bank for Commerce and Industry

Question 308:

• 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 309:

• 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 310:

• JAMB 1998

An underlined principle in the marketing of goods is that firms should

A. Train their personnel
B. Be consumers oriented
C. Advertise the goods
D. Sell through outlets