JAMB Commerce Past Questions & Answers - Page 205

1,021.

Use the document below to answer question

Okon Etim Esin is the?

A.

debtor

B.

creditor

C.

exporter

D.

importer

Correct answer is B

No explanation has been provided for this answer.

1,022.

Which of the following is not a veritable source of funds to a public limited company?

A.

government financial grant

B.

advances and loan from banks

C.

internally generated funds

D.

funds from the sale of shares

Correct answer is A

No explanation has been provided for this answer.

1,023.

A business whose owners enjoys loan facilities on the basis of personal goodwill is a?

A.

commercial bank

B.

thrift society

C.

co-operative society

D.

community bank

Correct answer is B

No explanation has been provided for this answer.

1,025.

A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have

A.

been issued but have not been paid-up

B.

been applied for but not issued

C.

not been paid-up

D.

not yet been issued

Correct answer is D

No explanation has been provided for this answer.