JAMB Commerce Past Questions & Answers - Page 153

761.

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

Correct answer is A

No explanation has been provided for this answer.

762.

In international trade, documentary credit is also known as?

A.

credit note

B.

letters of credit

C.

bankers' note

D.

letter of hypothecation

Correct answer is B

No explanation has been provided for this answer.

763.

What is the role of the capita; market in the privatization exercise in Nigeria?

A.

Selling the shares and stocks of the companies to be privtized

B.

Encouraging private companies to participate inthe exercise

C.

Negotiating with individuals who want to buy public companies

D.

Advertising for governement

Correct answer is A

No explanation has been provided for this answer.

764.

The shares of a company listed on the stock exchange for sale are referred to as?

A.

registered shares

B.

deferred shares

C.

issued shares

D.

quoted shares

Correct answer is D

No explanation has been provided for this answer.

765.

The instruments of credit includes?

A.

billboards and postal stamps

B.

payment vouchers and statement of account

C.

bills of exchange and promissory notes

D.

bills of exchange and salary salary vouchers

Correct answer is C

No explanation has been provided for this answer.