Listing requirements - 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 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 3:

• JAMB 2002

A company that is registered with the corporate Affairs Commission only without being enlisted on the Stock Exchange is a?

A. Public liability company
B. Joint venture company
C. Limited company
D. Registered company

Question 4:

• JAMB 2006

The main requirement for admission to the second-tier securities markets is the?

A. Provision of a three-year trading record
B. Disclosure of all trading activities
C. Creation of a good atmosphere for growth and development
D. Guranteeing dividends to shareholders

Question 5:

• JAMB 2010

A prerequisite for admission into the Second Tier Securities Market is for a company to?

A. Make 20% of its equity share available to the public for subscription
B. Have a minimum of 100 shareholders
C. Have a maximum of 100 shareholders
D. Make 10% of its equity share available to the public for subscription