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Commerce 2011 JAMB Past Questions

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26

In the event of voluntary liquidation, the appointed of a liquidator is the responsibility of the?

  • A. directors
  • B. creditors
  • C. promoters
  • D. court
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27

A source of business financing which involves pledging of a specific assets is?

  • A. bond
  • B. mortage
  • C. debentures
  • D. loan
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28
An example of a trade association is?
  • A. ALGON
  • B. NLC
  • C. NURTW
  • D. NULGE
View Answer & Discuss (3) JAMB 2011
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29

A broker is an agent who links a potential investor with?

  • A. a shareholder who wants to register a company
  • B. other members of the exchange who want to trade
  • C. governement official on the exchange
  • D. a quoted company
View Answer & Discuss (1) JAMB 2011
30

Second-tier Securities Market differ from the First-tier Securities Market in that the former is?

  • A. highly restricted
  • B. regulated by the SEC
  • C. regulated by the NIPC
  • D. less restricted
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