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Commerce Past Questions and Answers

Commerce Questions

Question 1521:
The process whereby a firm buys over the assets and liabilities of another firm is known as?
  • A Amalgamation
  • B Cartel
  • C Factoring
  • D Holding
  • E Combine
View Answer & Explanation
Question 1522:
It is advantageous to provide services which are natural monopoly through?
  • A Sole trades
  • B Partnership
  • C Public limited liabilities companies
  • D Public enterprises
  • E Co-operative societies
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Question 1523:
The rate at which a country's exports exchange for its imports is called?
  • A Balance of payments
  • B Balance of trade
  • C Terms of delivery
  • D Terms of trade
  • E Counter trade
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Question 1524:
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the issued capital?
  • A N5,000
  • B N10,000
  • C N15,000
  • D N20,000
  • E N35,000
View Answer & Explanation
Question 1525:
A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the paid-up capital?
  • A N35,000
  • B N30,000
  • C N20,000
  • D N15,000
  • E N5,000
View Answer & Explanation