- 1. 1.
Limited liability companies are called ……………………..
A) Public Limited Liability
B) Organization
C) Joint stock
D) One man business
- 2. 2.
Share is a ………… .of ownership of limited liability
A) Profit
B) Money
C) Unit
D) Capital
- 3. 3.
An ……. Is different from it owner
A) Association
B) Organization
C) Manager
D) Shareholders
- 4. 4.
A document that governs the relationship between the company and the members of the public called……………………….
.
A) Register
B) Articles of Association
C) Document
D) Memorandum of Association
- 5. 5.
Whoever takes up a share of company is called……………………..
A) Director
B) Shareholder
C) Manager
D) Auditor
- 6. 6.
The shares of ……………………………… companies cannot be traded in the stock exchange.
A) PLc
B) Unquoted
C) organization
D) Quoted
- 7. 7.
Nigerian stock exchange is a specialize ……………………
A) Instrument
B) Trade
C) Bill
D) Market
- 8. 8.
Bill of exchange is referred to a a ……………………………
A) Money
B) Payment.
C) Document
D) Trade bill
- 9. 9.
Treasury ………………… enables government to borrow money.
A) Amount
B) Bill
C) Market
D) Share
- 10. 10. Maturity date of the amount state on the bill of exchange should not exceed …….days.
A) 90
B) 10
C) 30
D) 21
- 11. 11. Secondary …………. Is a meeting point for buyers and sellers of old securities.
A) Market
B) Company
C) Stock.
D) Articles
- 12. 12. Gross ………………margin shows the percentage total sales that turns out to be gross profit.
A) Profit
B) Net
C) Management
D) Loss
- 13. 13. When members of the public are invited by the directors to take up a share is called ………….
A) Payment
B) Shareholder
C) subscription
D) Dividend
- 14. 14. Share are said to be issued at ………….when the market price is greeter the nominal Price.
A) Par
B) Premium
C) Application.
D) Discount
- 15. 15. When the current market price is less than the nominal price the hare is said to be issued at ………..
A) Allotment
B) Discount
C) Application
D) Par
- 16. 16. Payment of Share can be in full and by …………………………
A) Installment
B) Final call
C) First call
D) Second call
- 17. 17. Net profit …………………… is the profitability ratio that shows the proportion of sales.
A) Stock
B) Average
C) Margin
D) Cost
- 18. 18. Share ………is the excess of market price over the nominal price.
A) Cash
B) Capital
C) Reserve
D) Premium
- 19. 19. Appropriation account is an account that prepared by …………….organization.
A) Incorporated
B) Cash
C) Nominal
D) Credit
- 20. 20. Opening stock plus closing stock is ……………….
A) Share
B) Turnover
C) Average stock
D) Net profit
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