JAMB Commerce Past Questions & Answers - Page 195

971.

The main factors militating against the rapid growth of trade in Nigeria are?

A.

inadequate transportation network and huge capital outlay

B.

lack of motivation and government attitude towards trade

C.

lacks of good transportation network and insecurity of investment

D.

huge capital outlay and government attitude to trade

Correct answer is C

No explanation has been provided for this answer.

972.

The share capital value that forms part of the balance sheet total is the

A.

paid-up share capital

B.

called-up share capital

C.

authorized share capital

D.

issued share capital

Correct answer is A

No explanation has been provided for this answer.

973.

Determined the circulating capital?

A.

N250,000

B.

N245,000

C.

N235,000

D.

N225,000

Correct answer is C

No explanation has been provided for this answer.

974.

Use the information below to answer question

What is the total fixed capital?

A.

N 570,000

B.

N 570,000

C.

N 575,000

D.

N 675,000

Correct answer is C

No explanation has been provided for this answer.

975.

Bank overdraft as a short term source of fund is

A.

an overdrawn account

B.

granted to a newly opened account

C.

repayable after more than a year

D.

a current liability

Correct answer is A

No explanation has been provided for this answer.