Search SchoolNGR

Sunday, 05 April 2026
Register . Login

Commerce Past Questions and Answers

Jamb Commerce Questions

Question 31:
A form of money with face value which is greater than the value of the metal content is
  • A Legal tender
  • B Bank notes
  • C Token money
  • D Commodity money
View Answer & Explanation
Question 32:
An agent who transacts business with the broker in the stock exchange is a
  • A Stag
  • B Bull
  • C Del credere
  • D Jobber
View Answer & Explanation
Question 33:
A document sent by a broker to his client to confirm a purchase or sale made on his behalf is
  • A Delivery note
  • B Consignment note
  • C Transfer form
  • D Contract note
View Answer & Explanation
Question 34:
Cum div differs from ex div in that, the later
  • A Entitles the purchaser to recieve a company's current dividend
  • B Entitles the vendor to recieve a company's current dividend
  • C Confirms a purchase or sale made on behalf of a share holder
  • D Is a document used to transfer ownership of shares
View Answer & Explanation
Question 35:
The payment made by a speculator to the buyer when he is unable to deliver stocks on the agreed date is
  • A Arbitage
  • B Franco
  • C Contango
  • D Backwardation
View Answer & Explanation