Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

2521

Those who are engaged in exploiting natural resources are in

  • A. commercial occupation
  • B. constructive occupation
  • C. manufacturing occupation
  • D. extractive occupation
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2522

The nominal value of kC Ltd’s share is 50k and the market value is 70k. This means that the company’s shares are selling

  • A. at par
  • B. ex dividend
  • C. cum dividend
  • D. at premium
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2523

The nominal value of kC Ltd’s share is 50k and the market value is 70k. This means that the company’s shares are selling

  • A. at par
  • B. ex dividend
  • C. cum dividend
  • D. at premium
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2524

Which of the following is not a means of transportation by water

  • A. Canoes
  • B. Launches
  • C. Tramps
  • D. Carts
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2525

Which of the following is not a means of transportation by water

  • A. Canoes
  • B. Launches
  • C. Tramps
  • D. Carts
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2526

Exchange is facilitated by

  • A. taxation
  • B. quotas
  • C. specialization
  • D. good supervision
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2527

A private limited company differs from a public limited company because it

  • A. offers rights issues to existing shareholders
  • B. has a separate entity from the owners
  • C. cannot easily transfer shares
  • D. declares dividend
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2528

Which of the following features is common to all retailers

  • A. Operating as sole-proprietors
  • B. Selling to the final consumers
  • C. Operating with small capital
  • D. Selling on hire purchase to consumers
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2529

The internal regulations of a limited company are stated in the

  • A. Memorandum of Association
  • B. Certificate of Incorporation
  • C. Articles of Association
  • D. Share certificate
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2530

The internal regulations of a limited company are stated in the

  • A. Memorandum of Association
  • B. Certificate of Incorporation
  • C. Articles of Association
  • D. Share certificate
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2531

The document which helps to determine the country from where goods were imported is

  • A. bill of lading
  • B. ship's manifest
  • C. certificate of origin
  • D. certificate of trading
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2532

The document which helps to determine the country from where goods were imported is

  • A. bill of lading
  • B. ship's manifest
  • C. certificate of origin
  • D. certificate of trading
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2533

Which of the following is a reduction in the catalogue price?

  • A. Rebate
  • B. Cash discount
  • C. Commission
  • D. Trade discount
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2534

Which of the following is a reduction in the catalogue price?

  • A. Rebate
  • B. Cash discount
  • C. Commission
  • D. Trade discount
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2535

Stocks, shares and debentures traded in the stock exchange are called

  • A. bears
  • B. bulls
  • C. securities
  • D. collaterals
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2536

Stocks, shares and debentures traded in the stock exchange are called

  • A. bears
  • B. bulls
  • C. securities
  • D. collaterals
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2537

For overstaying in a port, a ship is charged a fine called

  • A. dock due
  • B. commission
  • C. interest
  • D. demurrage
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2538

For overstaying in a port, a ship is charged a fine called

  • A. dock due
  • B. commission
  • C. interest
  • D. demurrage
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2539

A ship that travels without schedule is called a

  • A. passenger liner
  • B. tramp
  • C. cargo liner
  • D. tanker
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2540

A ship that travels without schedule is called a

  • A. passenger liner
  • B. tramp
  • C. cargo liner
  • D. tanker
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2541

Which of the following is a source of capital to a sole proprietorship?

  • A. Loans from friends
  • B. Admission of new member
  • C. Issue of shares
  • D. Issue of debentures
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