Types of securities - 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

The business in the stock exchange is characterized essentially by

A. Dealing
B. Brokerage
C. Speculations
D. Transactions

Question 3:

• JAMB 1995

The nominal value of a share as specified in the Memorandum of Association and the share certificate is the

A. Discounted value
B. Stock value
C. Face value
D. Par value

Question 4:

• JAMB 1995

Rights issue means the

A. Issue of shares to the directors of a company on favourable terms
B. Issue of shares by a company only to the founders of the company
C. Right of shareholders to vote on any issue
D. Issue of shares to shareholders on favourable terms

Question 5:

• JAMB 1997

One type of investment that have a variable income is

A. Debentures
B. Preferred shares
C. Government bonds
D. Ordinary shares