BUK Commerce 2017/2018 Past Questions

Practice each question, then open it to see the full details.

```USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 83 TO 85
A public limited company whose nominal capital is made up of #400,000 ordinary shares of 50 kobo each, decided to issues 50% of it to the public and realized only 50% of the amount due.```
What is the company's registered capital?

A. #50,000
B. #80,000
C. #200,000
D. #400,000

```USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 83 TO 85
A public limited company whose nominal capital is made up of #400,000 ordinary shares of 50 kobo each, decided to issues 50% of it to the public and realized only 50% of the amount due.```
What is the paid up capital?

A. #50,000
B. #100,000
C. #150,000
D. #200,000

```USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 83 TO 85
A public limited company whose nominal capital is made up of #400,000 ordinary shares of 50 kobo each, decided to issues 50% of it to the public and realized only 50% of the amount due.```
What is the called up capital?

A. #50,000
B. #100.000
C. #200,000
D. #400,000

The process of dividing market into identifiable sub markets is known as

A. market concepts
B. market segmentations
C. market research
D. market orientation

When a quotations is marked 'CWO', it means

A. no credit facility allowed
B. no discount
C. the buyer should beware
D. the seller should beware

the liquid assets of commercial banks are

A. treasury bills, of exchange and cash
B. cash, current accounts and other money-bearing assets
C. deposit accounts and cash
D. cash only

Which of the following sources of capital to a business requires mortgaging a specific asset?

A. overdraft
B. ordinary shares
C. trade credit
D.fixed debenture

Who among the following sells securities in anticipation of a fall in price?

A. bear
B. stag
C. jobber
D. bull

If the turnover of a business is #16,000 and the cost of goods sold is #12,000, what is the percentage of gross profit on sale?

A. 75%
B. 40%
C. 33%
D. 25%