Jamb Commerce 2005 Past Questions and Answers

Question 31:

• JAMB 2005

The necessary documents used in foreign trade are?

A. Bill of lading, invoice and letter of inqiry
B. Indent, bill of exchange, bill of lading and voice
C. Voice, shipping note, bill of lading and freight note
D. Shipping note, certificate of origin and visible exports

Question 32:

• JAMB 2005

Occupations are classified into?

A. Production, labour and economics
B. Extraction, construction and manufacturing
C. Industry, commerce and serves
D. Trade, aids to trade and serivices

Question 33:

• JAMB 2005

A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?

A. Promissary note
B. Bankdraft
C. Banker's order
D. Travellers' cheque

Question 34:

• JAMB 2005

A type of credit offered by both commercial and merchant banks in Nigeria is?

A. Trade credit
B. Line of credit
C. Discounting facility
D. Overdraft

Question 35:

• JAMB 2005

A major function of a chamber of commerce is?

A. Increaseing productivity
B. Promoting both home and foreign trade
C. Promoting trade in a particular line
D. Maximizing profit