Bonds - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 2006

A bond which attracts only interest but leaves the capital unpaid is referred to as?

A. A long-term loan
B. A develoment bond
C. A redeemable bond
D. An irredeemable bond

Question 3:

• JAMB 2007

Which of the is a risk-free security?

A. Preference share
B. Ordinary share
C. Treasury bill
D. Debenture

Question 4:

• JAMB 2012

Securities that entitle the investor to coupon rates are

A. Bonds
B. Equities
C. Warrants
D. Treasury bills

Question 5:

• JAMB 2013

Gilt-edged securities are issued mainly by

A. Individuals
B. Non-governmental organisations
C. Government
D. Multi-national companies