SS3 Commerce Past Questions and Answers

Meaning of and need for commerce protection

Consumer right and consumption.

Instrument/agencies for consumer protection

Essential business documents

Essential business documents (2)

Trade terms and abbreviations

Means of payments.

Terms of trade/ sales through bank.

Standing order and bank draft

Means of payment through post office

Meaning, reasons, advantages and disadvantages of commercialization

Meaning, reasons, advantages and disadvantages of privatization

Meaning, reasons, advantages and disadvantages of deregulation.

Meaning, reasons, advantages and disadvantages of nationalization

Capital markets

The historical development; 1946 (development loan stock first issue) 1960; Lagos stock exchange act- 1962, capital issue committee, 1979- capital issue commission

The 1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act.

Stock exchange

Securities; meaning, types, shares, stocks, bonds, gilt-edged and debentures.

Capital market; method of raising fund, offer for sale, offer/subscription, right issue, private placement.

Speculation; meaning, speculators, bull, bear and stage.

Bodies that can access the capital market, public companies, government.

Second tier security market, meaning, advantages to companies, advantages to the investing public.

Second tier security market; operating regulation, primary and secondary market, first tier and second tier

ECOWAS, meaning, history, and member countries.

Objectives, Organs, Achievements, problems of ECOWAS

The history, Member countries, Objectives, and achievements, Problems of the Niger basin commission

Lake Chad Basin Commission (LCBC): History, Member countries, Objectives

Mano river basin commission: History, Member countries, Objectives.

Achievements and problems of the Mano River Basin Commission (MRBC)