JAMB Commerce Past Questions & Answers - Page 52

256.

The body regulating the sale and purchase of shares in Nigeria is the

A.

Corporate affair commission

B.

Securities and exchange commission

C.

Securities and exchange tribunal

D.

Nigerian stock exchange

Correct answer is B

The securities and exchange commission is the regulatory apex organization of the Nigerian capital market.

257.

In a typical manufacturing enterprises, the line function is performed by the

A.

Public relations department

B.

Marketing Department

C.

Estate or Properties Department

D.

legal Department.

Correct answer is B

The marketing department does public relations i.e the public relations department is part of the marketing department

258.

A machine which enables sales without the physical presence of sales attendant is a

A.

Telex Machine

B.

Fax Machine

C.

Vending Machine

D.

Computer machine

Correct answer is C

The vending machine is a retails machine that release the product to the tune of the amount of money slotted into the machine and the product indicated by the consumer.

259.

Inbound tourism occurs when

A.

non-resident s of a country travel within it.

B.

non- resident of a country travel to other countries

C.

resident of a country travel within it

D.

Residents of a country travel to other countries.

Correct answer is C

It involves the movement of tourist within their country of residence tourist resident in Nigeria for instance travelling within.

260.

Second-tier securities market differs from the first-tier securities market in that the former is

A.

highly restricted

B.

Regulated by SEC

C.

Regulated by NIPC

D.

less restricted.

Correct answer is A

The First Tier Securities Market provides a forum for buying and selling of shares of companies in the market. There are for well established large scale. companies. while the Second-Tier Securities Market (SSM) is a second market established by The Stock Exchange to list the securities of smaller companies which are unable to meet the requirements for listing on the more stringent segment (main market) of the Exchange. This means the first tier is more strict and restricted in their activities than the second-tier.