by Sunday | Dec 10 | Commerce JAMB
A. SEC A. CBN B. BPE D. NDIC Correct Answer: Option A – SEC Explanation The Securities and Exchange Commission (SEC) is the main regulatory institution of the Nigerian capital market The Nigerian Stock Exchange (NSE) is privately owned and self-regulating, but...
by Sunday | Dec 10 | Commerce JAMB
A. The rule of the law B. Its acceptability in the global market C. The legal backing D. The central bank’s Governor’s signature Correct Answer: Option C – The legal backing Explanation Legal tender is any official medium of payment recognized by law that can be...
by Sunday | Dec 10 | Commerce JAMB
A. One hundred B. Unlimited C. Fifty D. Twenty Correct Answer: Option B – Unlimited Explanation To start a company, a minimum number of 7 members are required and no restrictions on maximum number of members as per the provisions of the Companies Act, 2013....
by Sunday | Dec 10 | Commerce JAMB
A. Is not bound to renew the note before payment B. Can return the goods purchased and refuse to pay C. Can refuse to pay on due date since it is only a promise D. Is bound to redeem the note for cash on due date Correct Answer: Option D – Is bound to redeem the...
by Sunday | Dec 10 | Commerce JAMB
A. Water B. air C. rail D. Road Correct Answer: Option B – air Explanation Air transport is an aircraft design for transporting passengers and freight from one location to another in the air using airplanes, jets, rockets helicopters, and drones. High Speed: It...