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Commerce 2004 JAMB Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
26
In international trade, documentary credit is also known as?
  • A. credit note
  • B. letters of credit
  • C. bankers' note
  • D. letter of hypothecation
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27
A specialized institution in Nigeria that deals in capital investments in the form of stocks, share, bond and debentures is the?
  • A. Securities and Exchanfge commission
  • B. commodity market
  • C. Nigerian Stock Exchange
  • D. Central Bank of Nigeria
View Answer & Discuss JAMB 2004
28
A group of assets which a business acquires with the intention of reselling them are referred to as?
  • A. current assets
  • B. investment assets
  • C. fixed assets
  • D. intangible assets
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29
Authorized share capital is also known as?
  • A. called-up share capital
  • B. paid-up share
  • C. registered share capital
  • D. issued share capital
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30
An action taken by a company outside its object clause is regarded as?
  • A. ultra vires
  • B. a trespass
  • C. uberrima fides
  • D. caveat emptor
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts