Jamb Commerce 2007 Past Questions and Answers

Question 31:

• JAMB 2007

A written agreement for hiring a ship for transporting goods is a?

A. Consular invoice
B. Bill of lading
C. Charter party
D. Certificate of origin

Question 32:

• JAMB 2007

The major function of a trade association is that it?

A. Liases with foreign trade associations
B. Helps to promotes foreign trade
C. Facilitates members' access to credit facilities
D. Helps to promote resarch on behalf of members

Question 33:

• JAMB 2007

A major setback of international trade is?

A. Inadequate exports
B. Economic sanctions
C. Devaluation of currency
D. Exchange rate appreciation

Question 34:

• JAMB 2007

Which of the following requires payment into the payee's account?

A. Crossed cheque
B. Traveller's cheque
C. Open cheque
D. Certified chegues

Question 35:

• JAMB 2007

The traditional way of paying cooperative dividend is to distribute profit in proportional to members'?

A. Subscriptions
B. Total savings
C. Volume of purchase
D. Contributions