A prerequisite for admission into the Second Tier Securities Market is for a company to?
make 20% of its equity share available to the public for subscription
have a minimum of 100 shareholders
have a maximum of 100 shareholders
make 10% of its equity share available to the public for subscription
Correct answer is B
Second-Tier Securities Market (SSM); A second market established by The Stock Exchange in Lagos in 1985 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.
Requirements for trading in a second-tier security market
The instrument used in the capital market is?
treasury bills
bill of exchange
stock
debenture
Correct answer is C
A stock is a type of investment that represents an ownership share in a company. Stocks are traded in the Capital market
A characteristics of money which ensures that its value is not lost is?
homogeneity
easy portability
divisibility
relative scarcity
Correct answer is D
Relative Scarcity: Money must be relatively scarce, that is, it must not be too many so as not to lose its value.
One of the functions of NACCIMA is?
negotiating with labour unions in matters of wages and conditions of service
pooling of members' resources for long-term investment
disseminating information to members on matters relating to tariffs
ensuring uniformity in labour matters and industrial relations
Correct answer is D
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture is an organisation for all Nigerian state and related Chambers of Commerce, Ensuring the creation of a conducive atmosphere for the pursuit of commerce, industry and all other forms of economic activities of interest to the Private Sector.
N60,000
N36,000
N54,000
N90,000
Correct answer is C
36000 x 1.50k
54,000