Past Questions And Answers
Which of the following indicate that a partnership business is in place?
(i) There is a business
(ii)It is run commonly by partners
(iii)It has profit-making in view
(iv) Partners' liability is limited
- A. i and ii only
- B. i, ii and iii only
- C. i, iii and iv only
- D. ii, iii and iv only
The collective views held by majority of citizens of a country about a particular policy is _________
- A. national interest
- B. public opinion
- C. commentary
- D. bullentin
Which of the following regulates and controls the activities in the Nigeria Stock Exchange
- A. SEC
- B. CBN
- B. BPE
- D. NDIC
Find the total credit that the banking system can create if primary deposit is just N100.00 while the cash ratio is 20%
- A. 700.00
- B. 600.00
- C. 500.00
- D. 400.00
In the absence of a partnership agreement, a loan given to the partnership by a partner attracts interest of
- A. 7 %
- B. 5%
- C. 15%
- D. 10%
Colonization of a bare rock surface is termed
- A. evolution
- B. specification
- C. primary succession
- D. secondary succession
The image of any real object formed by a diverging lens is always
- A. inverted
- B. magnified
- C. erect
- D. real
the market price of a commodity is normally determined by the
- A. law of demand
- B. interaction of the force of demand and supply
- C. total number of people in the market
- D. total quantity of the commodity in the market
The formula of mercury (l) dioxonitrate (III) is
- A. HgNO2
- B. Hg2NO2
- C. Hg2(NO2)2
- D. Hg(NO3)2
The reaction of an alkanol with an alkanoic acid in the presence of concentrated H2SO4 will produce an?
- A. alkanal
- B. alkanoate
- C. alkanone
- D. alkyne

