Money and Stock Exchange Generix Content - Money and Stock Exchange
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"Money and Stock Exchange" question number distribution across years
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JAMB questions for "Commerce :: Money and Stock Exchange"
Q1
The central bank differs from commercial banks because it
A
renders services to customers
B
carries out foreign exchange transactions
C
issues currencies
D
discounts bills
E
Q2
The major deals on the stock market are the
A
agents
B
jobbers
C
investors
D
brokers
E
Q3
The daily official publications of the Nigerian Stock Exchange give detailed information on the
A
changes in the official rules set by the market
B
method of transactions agreed upon by members
C
participation of members in a day
D
changes in the price of securities
E
Q4
The financial instrument that entitles the holder to receive dividend capital gains is a
A
share
B
bond
C
bill of exchange
D
treasury bill
E
Q5
The body regulating the sale and purchase of shares in Nigeria is the
A
Securities and Exchange Commission
B
Corporate Affairs Commission
C
Nigeria Stock Exchange
D
Securities and Exchange Tribunal
E
Q6
The function of money that facilitates the comparison of the quality of goods as a basis of exchange is the
A
store of value
B
medium of exchange
C
measure of value
D
unit of account
E
Q7
The difference between the buying and selling price of shares is known as
A
jobber's turn
B
margin
C
brokerage
D
gross profit
E
Q8
A share premium is an example of
A
issued capital
B
equity capital
C
capital reserve
D
capital stock
E
Q9
A credit instrument which also serves as a legal tender is
A
money order
B
cheque
C
voucher
D
paper money
E
Q10
The central bank controls the quantity of money in circulation through
A
decreasing the tax rate
B
issuing new currencies
C
open-market operations
D
increasing the tax rate
E
Q11
The market where only indigenous firms are considered is the
A
money market
B
second-tier security market
C
stock exchange
D
E
Q12
Initial public offering is undertaken through the
A
secondary securities market
B
first-tier securities market
C
primary securities market
D
second-tier securities market
E
Q13
The major participants in the stock market when stock prices are rising generally are the
A
bills
B
registrars
C
bears
D
companies
E
Q14
A specialized institution in Nigeria that deals in capital investments in the form of stocks, bonds and debentures is the
A
Central Bank of Nigeria
B
Nigeria Stock Exchange
C
commodity market
D
Securities and Exchange Commission
E
Q15
In the primary market, new shares are issued through
A
a prospectus, an offer for sale and a bill of exchange
B
a prospectus, an offer for sale and placing
C
personal selling, publicity and advertising
D
advertising, a prospectus and bill of exchange
E
Q16
What is the role of the capital market in the privatization exercise in Nigeria?
A
Advertising for government
B
Negotiating with individuals who wants to buy public companies
C
selling the shares and stocks of the companies to be privatized
D
Encouraging private companies to participate in the exercise
E
Q17
Money can simply be referred to as a
A
standard of value
B
medium of exchange
C
means for the settlement of debts
D
durable asset for doing business
E
Q18
The body charged with the responsibility to register shares for subscription on the stock market in Nigeria is the
A
Central Bank of Nigeria
B
Securities and Exchange Commission
C
Nigerian Stock Exchange
D
Nigerian Deposit Insurance Corporation
E
Q19
The bulls and bears in the stock Exchange market help to minimize
A
the number of shares and bonds sold
B
price increase of securities
C
fluctuations in the prices of securities
D
the elasticity of the prices of securities
E
Q20
The Stock Exchange is a market where
A
Long-term securities are sold
B
All types of securities are sold
C
Short-run term securities are sold
D
Medium-term securities are sold
E
Q21
Recognized members of the Stock Exchange are
A
bulls
B
jobbers
C
brokers
D
stages
E
Q22
The significance of money to modern economic systems is that it
A
is used as a means of payment
B
promotes specialization and exchange
C
measures value and promotes exchange
D
causes inflation and deflation in the economy
E
Q23
The Nigerian Stock Exchange publishes of daily official list that gives full information on the
A
method of transactions agreed to by members
B
number f participating members in a day
C
changes in the prices and earnings of securities
D
changes in the official rules set by the market
E
Q24
The main factors that determine the value of a stock on the Stock Exchange are dividend and
A
the psychology of the market
B
capital gain
C
capital appreciation
D
warrant payment
E
Q25
One of the main objectives of the Second-tier Securities Market in Nigeria is to
A
achieve a realistic exchange rate for the naira
B
eliminate currency dealings in the black market
C
assist companies to raise capital
D
attract investment flow
E
Q26
The Stock Exchange helps to provide capital for industrial projects because it
A
determines value of shares, stock and other securities
B
assists companies to change their securities into cash
C
assists government in implementing its monetary policies
D
renders agency services to organisations and governments
E
Q27
A form of money that has gone out of use is
A
commodity money
B
bank money
C
paper money
D
foreign money
E
Q28
A shortcoming of the Second-tier Foreign Exchange Market in Nigeria is that it
A
serves as a mechanism for evaluating an unrealistic exchange rate for the naira
B
contributes to flooding the market with foreign essential commodities
C
contributes to destabilizing national resource allocation
D
creates unhealthy competition amongst user of foreign exchange
E
Q29
The forum for the selling and buying of securities of small and medium companies is called
A
Second Tier Securities Market
B
Foreign Exchange Market
C
Securities and Exchange Commission
D
Second Tier Security Market
E
Q30
Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price of each share was N3 cumulative dividend. This means that Aliyu
A
is entitled always to a cumulative dividend due to the shares
B
entitled to the next dividend due to the shares
C
will not be entitled to the next dividend due to the shares
D
still owes N3 on the shares which will be subtracted from the dividend
E
Q31
I. Companies must be registered as private limited liability companies. II. Companies must have not less than 100 shareholders. III. No shareholder may have more than 75% of issued share capital. Which of the above are requirements for admission into the second-tier securities market?
A
I and II only
B
I and III only
C
I, II and III
D
II and III only
E
Q32
The type of security that the stock exchange deals with are
A
Warrants, currency notes, money orders and postal orders
B
Cheques, Bank drafts, Warrants and promissory notes
C
Bonds ivory, treasury bill, debentures and warrants
D
Stock, shares, bonds and warrants
E
Q33
Which of the following statements is true of preferred stockholders?
A
They have no voting right at annual general meeting
B
They have first claim to company assets before creditors
C
they have first claim to company assets after all debts have been settled
D
E
Q34
A market where new shares are traded is known as
A
primary market
B
stock exchange
C
secondary market
D
money market
E
Q35
When a firm specks of stock appreciation, it refers to
A
changes in the value of its stock resulting from price movement
B
increase in the price of its shares quoted on the stock exchange
C
an unexpected increase in the demand for its stock
D
the value of its stock in the stock exchange
E
Q36
Which of the following is NOT a function of the stock exchange market?
A
Providing long-term loans to large scale enterprises
B
Encouraging people to buy shares and thereby providing capital for investment
C
Providing means assessing the value of a firm's assets
D
Enabling firms to wind-up quickly in times of difficulties
E
Q37
One of the effects of the devaluation of the naira is that the
A
goods that can be imports with the naira have becomes cheaper
B
value of other currencies relative to the naira have become cheaper
C
goods that is being exported from Nigeria have become costlier
D
imports that can be bought with the naira have become costlier
E
Q38
Drawing two parallel lines across a cheque means that it has to be paid into the account of the
A
payee
B
drawer
C
drawee
D
payer
E
Q39
The business in the stock exchange is characterized essentially by
A
dealing
B
brokerage
C
speculations
D
transactions
E
Q40
The Second-Tier Securities Market is
A
an appendage to the Nigerian Stock Exchange
B
a member of the Nigerian Stock Exchange
C
meant for the shares of the quoted private companies
D
a regulating arm of the Nigerian Stock Exchange
E