Commerce Past Questions And Answers
Mr. Olatunde took up a fire insurance on a property valued at ₦1000 and the amount insured is ₦80. Thee ₦400. If the property caught fire causing a loss of insurance was taken with the clause with average what is the amount to be paid bý the insurance company?
- A. ₦420
- B. ₦320
- C. ₦460
- D. ₦560
The overriding objective of the Food and Drug Act in Nigeria is to prevent the
- A) importation of food and drugs that can be locally manufactured
- B) consumption of food and drugs not tested by the ministries of health
- C) adulteration of food and drugs sold in the country
- D) manufacturers of food and drugs from charging excessive prices
The Stock Exchange does not deal in
- A. shares
- B. treasury bills
- C. debentures
- D. stocks
The nominal value of a share as specified in the Memorandum of Association and the share certificate is the
- A) discounted value
- B) stock value
- C) face value
- D) par value
In foreign trade, document of title is known as
- A. bill of lading
- B. bill at sight
- C. certifiate of origin
- D. declaration form
The last link in the channel of distribution is the
- A. retailer
- B. consumer
- C. wholesaler
- D. producer
What is the role of the capita; market in the privatization exercise in Nigeria?
- A. Selling the shares and stocks of the companies to be privatized
- B. Encouraging private companies to participate in the exercise
- C. Negotiating with individuals who want to buy public companies
- D. Advertising for governement
Debenture is an example of
- A. fixed capital
- B. share capital
- C. loan capital
- D. working capital
A source of capital to private limited companies is shares issued to
- A. the public
- B. selected persons
- C. members of the borad of directors
- D. dedicated members of staff
A speculator who buys shares and stocks in anticipating of a rise in their price at the stock Exchange is a?
- A. bull
- B. bear
- C. broker
- D. jobber