Jamb Commerce Past Questions and Answers

Question 391:

• JAMB 2000

Bank overdraft as a short term source of fund is

A. An overdrawn account
B. Granted to a newly opened account
C. Repayable after more than a year
D. A current liability

Question 392:

• JAMB 2000

Use the information below to answer question
What is the total fixed capital?

A. N 570,000
B. N 570,000
C. N 575,000
D. N 675,000

Question 393:

• JAMB 2000

Determined the circulating capital?

A. N250,000
B. N245,000
C. N235,000
D. N225,000

Question 394:

• JAMB 2000

The share capital value that forms part of the balance sheet total is the

A. Paid-up share capital
B. Called-up share capital
C. Authorized share capital
D. Issued share capital

Question 395:

• JAMB 2000

The main factors militating against the rapid growth of trade in Nigeria are?

A. Inadequate transportation network and huge capital outlay
B. Lack of motivation and government attitude towards trade
C. Lacks of good transportation network and insecurity of investment
D. Huge capital outlay and government attitude to trade