JAMB Past Questions and Answers - Page 110

546.

Trade fairs in Nigeria are organised by

A.

the Federal Government

B.

Manufacturers'' Association of Nigeria

C.

Ministry of Commerce and Industry

D.

Chambers of Commerce

Correct answer is D

A chamber of commerce is a form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses.

547.

In the Nigerian GSM industry,a parliament is organized by the Nigerian Communications Commission in order to

A.

increase profit of service providers

B.

protect the interest of government

C.

encourage more people into the business

D.

protect the interest of consumers

Correct answer is D

They are there to protect the consumer exploitation by service providers

548.

A lawyer that defrauds his client may be derobed by the Nigerian Bar association in order to

A.

protect other lawyers

B.

protect the intergrity of the association

C.

compensate the affected client

D.

prevent the client from sueing the association

Correct answer is B

No explanation has been provided for this answer.

550.

The amount of authorized capital that shareholders have subscribed to is

A.

issued share capital

B.

authorized share capital

C.

owner's equity

D.

working capital

Correct answer is A

Issued and paid up capital represents the shareholders' investment in the company