Jamb Commerce 2008 Past Questions and Answers

Question 26:

• JAMB 2008

Most of the barriers to international trade have been eliminated through?

A. Diversification
B. Globalization
C. Commercialization
D. Privatization

Question 27:

• JAMB 2008

A document sent by a seller to inform a buyer about the prices of goods is the?

A. Catalogue
B. Price list
C. Credit note
D. Proforma invoice

Question 28:

• JAMB 2008

When 'FOB' is written on a document, it implies that the buyer bears the?

A. Cost of goods and advert
B. Loading costs and insurance
C. Insurance and transport costs
D. Transport and communication costs

Question 29:

• JAMB 2008

A crossed cheque with the inscription 'not negotiable' must be paid into the?

A. Current account of the drawer
B. Current account of the payee
C. Savings account of the payee
D. Fixed account of the payee

Question 30:

• JAMB 2008

The pooling of business information for the benefit of members s is a major function of a?

A. Pressure group
B. Trade association
C. Cultural group
D. Trade union