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Friday, 10 April 2026
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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 11:
The capital employed is
  • A N 1,000
  • B N 1,370
  • C N 140
  • D N50
View Answer & Explanation
Question 12:
The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?
  • A Trust certificate
  • B Detachable warrant
  • C Mortage bond
  • D Converttible securities
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Question 13:
(i) Personal Savings (ii)Retained Earnings (iii)Accrued taxes Which of the items above constitute internal sources of financing for companies?
  • A I and ii
  • B I and iii
  • C Ii and iii
  • D I, ii and iii
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Question 14:
The difference between total current assets and total current liabilities of a business is known as
  • A Quick ratio
  • B Liquidity ratio
  • C Working capital
  • D Circulating capital
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Question 15:
The capital owned is
  • A N2,740
  • B N 1,350
  • C N1,150
  • D N570
View Answer & Explanation