Advanced level 2025 South West mock commerce and finance 1
Advanced level 2025 South West mock commerce and finance 1
34. When the value of the British pound changes
and the
from SI.50 to $1.25, the pound has
dollar has
A Appreciated; appreciated
B Depreciated; appreciated
C Appreciated; depreciated
D Depreciated _
35. The Long term loan rates are determined in
A The money markets.
B The capital markets.
C The stock markets.
D The foreign exchange markets
36. An example of an itinerant trader is
A Discount shop
B Mobile shop
C Multiple shop
D Departmental shop
37. Which of the following trade middlemen is
responsible for bringing buyers and sellers
together?
A Agent
Broker
C Retailer
D Wholesaler
3S. The casual purchase of goods in a shop when the
buyer had DO intension of buyring them is:
A Impulse buying.
B Discount purchase.
C Customer’s relationship.
D Eyecatching.
ls af\<^
Month Jan Feb Mar
Sales 35,000 40,000 30,000
46. Customers settle 50% in the month of sale, 35%
B in one month and 15% in the next month.
Calculate the total amount of arrears collection in
the month of March
A 19,250
B 34,250
C 33,250
D 8.250
47. In budgeting, what do we consider the key budget
factor?
39. It is a network of a number of branches situated at
different localities in the city or in different parts
of the country’.
A Multiple Shops
B Consumers Cooperative Store
C Departmental Stores
D Supermarkets market
The claims by preferred shareholders on a ’
firm* s assets and income come _
of ordinary shareholders and
creditors.
A Before; also before
B After, after
C Before; after
D After, before
41, FPJ&CO is the pnee of goods at
A Importer’s warehouse
B Exporter’s warehouse
C Pert of Origin
D Pcnc of Deinrution
42 The cxpttuicn of ordinary dividends AS A
ofauiixt value n called,
A Cash budget
B Sales budget
C Master budget
D Production budget
48. A firm’s opening stock is 300 units, closing stock
200 units and quantity of goods sold 1,000 units.
Determine rate of turnover.
A 500 units
B 4 times
C 1.5 times
D 250 units ‘
Markup A Sale rate is profit expressed as a percentage of
B Capital
C Cost
D Expenses
50. rate Individuals marketsor to firms sell Atwho a gain buy incurrency high rateinmarkets low
are called
A Bulls
B Bears
C Slags
D Aihitmgeurs
In a certain i
lapses andt h e S*e“ f
he survives till the end of the period. This is
known as
26. Benji is holding hundred shares of a company. He
has been given a privilege offer to subscribe to a
new issue of shares of the same company in
proportion of 2:1 to the number of shares already
possessed by him. Identify the method of
floatation being described in the above
A Offer Through Prospectus
B Offer for Sale
C Rights Issue
D Private Placement
A Money Back Plan
B Endowment Plan
C Term Insurance Plan
D Whole life insurance plan
19. When the amount for which a subject matter is
insured is more than its actual value, it is
called
A Under Insurance
B Reinsurance
C Co–Insurance
D Over Insurance
20. Throwing goods overboard a ship to harm the
ship owner’s interest is termed
A Jettison
,
B Endorsement
C Barratry
D Assignment
21. If working capital is 100,000 and current ratio is
2:1, then the amount of current asset is:
A 100,000
B 200,000
C 150,000
D 250,000
22. In 2024, NJOUKE purchased 2,000,000 FCFA of
inventory. The cost of goods sold for 2024 was
2,200,000 FCFA and the ending inventory on
December 31, 2024, was,400,000 FCFA. What
• was the inventory turnover for 2024?
A 4
B 4.4
C 5.5
D 11
J case.
4‘ –
:a ,m
*
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27. Stock exchanges provide an opportunity to the
investors to disinvest and invest. Identify the related
function of the stock exchange.
A Providing scope for speculation.
B Liquidity to existing securities
C Pricing of security
D Spreading of equity risk
Use this data to answer questions 28, 29 and 30:
5 000 000
12 000 000
24 000 000
2 000 000
3 000 000
jp
Opening stock
Purchase
Sales
Closing stock
Overhead expenses
28. The cost of goods sold is
A 21000 000
B 17 000 000
C 19 000 000
D 15 000 000
. *
29. The rate of turnover is
A 0.6
B 0.8
C 4.3
D 2.1
.. ?
30. What is the net profit realised?
A 15 000 000
B 6 000 000
C 9 000 000
D 10 000 000
•v
V * 23. is a market for lending & borrowing
of short–term funds.
A Money Market
B Primary Market
C Capital Market
D Stock exchange
24. What is the purpose of a prospectus in a capital
market?
A To provide financial statements of a
company
B To disclose information about a company‘s
business and financial performance
C To promote a company‘s products or
services
D
– To announce a company‘s dividend
* v – ;
f 31. Capital gearing refers to relationship between
equity and
A Short term debt
B Long terra debt
C Retained earnings ,
D Goodwill
3
32. In case of depression, it is better for a company to
remain in*
A Low gearing
B High gearing
C Insolvency
D Debt
payments 33. Equity Shares are?
25. Which of the following is a form of equity?
A Debenture A Non–redeemable
B Redeemable
C Non–Transferrable
D Transferable
