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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 26:

What is the role of the capita; market in the privatization exercise in Nigeria?

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A Selling the shares and stocks of the companies to be privtized
B Encouraging private companies to participate inthe exercise
C Negotiating with individuals who want to buy public companies
D Advertising for governement

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Question 27:

In international trade, documentary credit is also known as?

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A Credit note
B Letters of credit
C Bankers' note
D Letter of hypothecation

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Question 28:

A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?

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A Securities and Exchanfge commission
B Commodity market
C Nigerian Stock Exchange
D Central Bank of Nigeria

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Question 29:

A group of assets which a business acquires with the intention of reselling them are referred to as?

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A Current assets
B Investment assets
C Fixed assets
D Intangible assets

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Question 30:

Authorized share capital is also known as?

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A Called-up share capital
B Paid-up share
C Registered share capital
D Issued share capital

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