Jamb Commerce 2004 Past Questions and Answers

Question 41:

• JAMB 2004

Loan schemes by thrift societies are?

A. Mortage schemes
B. Conventional schemes
C. Mutual schemes
D. Unconventional schemes

Question 42:

• JAMB 2004

An internal demand for goods to be purchased or drawn from stock is?

A. A quoation
B. A requisition
C. A tender
D. An order

Question 43:

• JAMB 2004

The term 4 net 7 on an invoice means that?

A. 4% surcharge will be made unless payment iss made within seven days
B. 4% discount will be allowed on the price charged only if the goods are bought within seven days
C. 4% discount will be allowed on the price charged only if payment is made after seven days
D. 4% discount will be allowed on the price charge if payment is made within seven days

Question 44:

• JAMB 2004

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A. Export invoice
B. Ship's manifest
C. An indent
D. Bill of lading

Question 45:

• JAMB 2004

Organizing trade fairs in Nigeria is the responsibility of?

A. National Directorate of Employment
B. Federal Ministry of Commerce
C. Trade association
D. Chambers of commerce