JAMB Commerce Past Questions & Answers - Page 223

1,111.

The total amount that a company is allowed to raised according to its memorandum of association is known as

A.

issued capital

B.

authorized capital

C.

called-up capital

D.

paid-up capital

Correct answer is B

No explanation has been provided for this answer.

1,112.

The form of business financing which involves pledging of a specific asset is

A.

debenture

B.

mortgage

C.

loan

D.

bond

Correct answer is B

No explanation has been provided for this answer.

1,113.

Leasing is the right to use asset for an agreed period in return for

A.

profit

B.

interest

C.

wages

D.

rents

Correct answer is D

No explanation has been provided for this answer.

1,114.

A term which indicates that share is temporarily suspended is

A.

ex-dividend

B.

cum-dividend

C.

bond

D.

stock

Correct answer is A

No explanation has been provided for this answer.

1,115.

One type of investment that have a variable income is

A.

debentures

B.

preferred shares

C.

government bonds

D.

ordinary shares

Correct answer is D

No explanation has been provided for this answer.