Types of capital - 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 1994

What is the working capital as at December 31,1992?

A. N 65 250
B. N60 000
C. N 48 650
D. N 41 950

Question 3:

• JAMB 1994

What is the working capital as at December 31,1992?

A. N 65 250
B. N60 000
C. N 48 650
D. N 41 950

Question 4:

• JAMB 1998

The form of capital which is easily transferred into the form desired is known as?

A. Working capital
B. Liquid capital
C. Circulating capital
D. Capital employed

Question 5:

• 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