2007 - JAMB Commerce Past Questions and Answers - page 5
41
Which of the is a risk-free security?
A
Preference share
B
Ordinary share
C
Treasury bill
D
Debenture
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42
The central bank controls the quantity of money in circulation through?
A
open-market operations
B
decreasing the tax rate
C
issuing new currencies
D
increasing the tax rate
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43
The selling of new shares to exist shareholders is referred to as?
A
public issue
B
offer for sale
C
rights issue
D
bonus issue
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44
A new company requiring a large amount of equity finance may source funds from the?
A
capital market
B
central bank
C
money market
D
commercial banks
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45
A credit instrument which also serves as a legal tender is?
A
chegue
B
paper money
C
voucher
D
money order
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46
The body regulating the sale and purchase of shares in Nigeria is the?
A
Corporate Affairs Commision
B
Securities and Exchange Commision
C
Securities and Exchange Tribunal
D
Nigeria Stock Exchange
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47
Which of the following best describes inputs for any production activity?
A
Natural resources
B
Buessiness resources
C
Human resources
D
Material resources
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48
The scope of economic activities can be enlarged by
A
transportation and trading
B
business and its promotion
C
trading and aids to trade
D
insurance and banking
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49
A
N 6 000 000
B
N 16 000 000
C
(N 11 000 000)
D
N 25 000 000
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50
A
N 38 000 000
B
N 20 000 000
C
N 42 000 000
D
N 25 000 000
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