Jamb Commerce 1997 Past Questions and Answers

Question 26:

• JAMB 1997

The main aim of selling directly to consumers by manufactures is to

A. Dis courage the activities of middlemen
B. Make contacts with comsumers
C. Eliminate transportation cost
D. Maximize the profit margin

Question 27:

• JAMB 1997

In foreign trade, document of title is known as

A. Bill of lading
B. Bill at sight
C. Certifiate of origin
D. Declaration form

Question 28:

• JAMB 1997

Excise duties are paid on goods that are

A. Imported into the country
B. Manufactured within the company
C. Exported to other clonutries
D. Kept in bond warehouses

Question 29:

• JAMB 1997

Stevedores as a term in foreign trade means men who

A. Inspect goods in ships
B. Import goods by ships
C. Collect duties in ships
D. Load and unload ships

Question 30:

• JAMB 1997

A close indent is an instrument to an agent to

A. Order goods from a particular manufacturer
B. Order goods from any manufacturer
C. Sell gods to any firm
D. Sell goods to a certain firm