Financing Business - Jamb Commerce Past Questions and Answers

Question 36:

• JAMB 2000

Determined the circulating capital?

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

Question 37:

• 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 38:

• JAMB 2000

The major condition for obtaining loan in thrift, credit and loans cooperative societies is

A. Provision of collateral security
B. A high level of education
C. Possesssion of a large business
D. An approved project plan

Question 39:

• JAMB 2001

The capital employed is

A. N 1,000
B. N 1,370
C. N 140
D. N50

Question 40:

• JAMB 2001

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

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