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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
281
The financial instrument for borrowing in which the collateral is usually more than the amount borrowed is?
  • A. trust certificate
  • B. detachable warrant
  • C. mortage bond
  • D. converttible securities
View Answer & Discuss (1) JAMB 2001
282

(i) Personal Savings
(ii)Retained Earnings
(iii)Accrued taxes
Which of the items above constitute internal sources of financing for companies?

  • A. i and ii
  • B. i and iii
  • C. ii and iii
  • D. i, ii and iii
View Answer & Discuss (2) JAMB 2001
283
The difference between total current assets and total current liabilities of a business is known as
  • A. quick ratio
  • B. liquidity ratio
  • C. working capital
  • D. circulating capital
View Answer & Discuss JAMB 2001
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284
The capital owned is
  • A. N2,740
  • B. N 1,350
  • C. N1,150
  • D. N570
View Answer & Discuss (3) JAMB 2001
285
One of the reasons why wholesaling must continue is that?
  • A. the tax paid by wholesalers on their profit enhances national revenue
  • B. by creating artificial scarcity, the wholesaler is enhencing competition
  • C. the wholesaler provides technical advice to the retailer
  • D. the gap between manufacturers and retailers is reduce byn wholesalers
View Answer & Discuss JAMB 2001
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