Search SchoolNGR

Sunday, 05 April 2026
Register . Login

Commerce Past Questions and Answers

Jamb Commerce Questions

Question 11:
A proposed company may not be registered if?
  • A The name conficits with that of another
  • B It does not put 'limited' after its proposed name
  • C It has no paid-up capital
  • D It has no asset of its own
View Answer & Explanation
Question 12:
An example of a cartel is?
  • A OPEC
  • B ECOWAS
  • C AU
  • D EU
View Answer & Explanation
Question 13:
The cheapest source of funds available to a company is through?
  • A The sale of shares
  • B Retained profits
  • C The sale of bonds
  • D Lease financing
View Answer & Explanation
Question 14:
Use the information below to answer question 14 and 15.
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.
What is the company's reserve share capital?
  • A N2500 000
  • B N4000 000
  • C N5000 000
  • D N2000 000
View Answer & Explanation
Question 15:
The components of capital employed in a business are?
  • A Owners' equity and long-term debts
  • B Total assets and current liabilities
  • C Share capital and long-term debts
  • D Share capital and current liabilities
View Answer & Explanation