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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 16:
In which of the following circumstances is a court order NOT necessary for the winding up of a company?
  • A Supension of businesss for one year
  • B Special resolution of members
  • C Reduction in the number of members below the legal minimum
  • D Inability to pay it debts
View Answer & Explanation
Question 17:
One type of investment that have a variable income is
  • A Debentures
  • B Preferred shares
  • C Government bonds
  • D Ordinary shares
View Answer & Explanation
Question 18:
A term which indicates that share is temporarily suspended is
  • A Ex-dividend
  • B Cum-dividend
  • C Bond
  • D Stock
View Answer & Explanation
Question 19:
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 20:
The form of business financing which involves pledging of a specific asset is
  • A Debenture
  • B Mortgage
  • C Loan
  • D Bond
View Answer & Explanation