Jamb Economics 1993 Past Questions and Answers

Question 16:

• JAMB 1993

Which of the following functions does the wholesaler perform to save the retailer burden of carrying large stocks?`
i Breaking the bulk
ii Packing the goods in smaller containers
iii Providing vital information
iv Grant credit facilities

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

Question 17:

• JAMB 1993

Production is said to be completed when?

A. Goods and services reach the consumers
B. Prices of goods and services are determined
C. Goods are sold to the wholesaler
D. Goods are packaged

Question 18:

• JAMB 1993

a debenture share entitles its holder to?

A. Participate in the annual general meeting of the company
B. Share in the dividends declared
C. Recieve a fixed interest on sums invested
D. Have a representative on the Board of Directors

Question 19:

• JAMB 1993

A public liability company is different from a private limited company because i?

A. Is registered with the registrar of companies
B. Is a legal entity
C. Can raise capital of size by way of loans
D. Can sell shares in the stock exchange

Question 20:

• JAMB 1993

A modern corporation is owned by?

A. Debenture holders
B. Ordinary shareholders
C. Preference shareholders
D. Creditors