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Monday, 28 September 2026
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Commerce Past Questions and Answers

Commerce Questions

Question 201:
A term which indicates that share is temporarily suspended is
  • A Ex-dividend
  • B Cum-dividend
  • C Bond
  • D Stock
View Answer & Explanation
Question 202:
Leasing is the right to use asset for an agreed period in return for
  • A Profit
  • B Interest
  • C Wages
  • D Rents
View Answer & Explanation
Question 203:
The form of business financing which involves pledging of a specific asset is
  • A Debenture
  • B Mortgage
  • C Loan
  • D Bond
View Answer & Explanation
Question 204:
The total amount that a company is allowed to raised according to its memorandum of association is known as
  • A Issued capital
  • B Authorized capital
  • C Called-up capital
  • D Paid-up capital
View Answer & Explanation
Question 205:
A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.<br/>What is the authorized capital?
  • A N40 000
  • B N50 000
  • C 100 000
  • D 200 000
View Answer & Explanation