Jamb Commerce 2011 Past Questions and Answers

Question 11:

• JAMB 2011

The main frame of selling directly to the consumers by manufacturers is to?

A. Reduce transportation cost
B. Make contact with individual consumers
C. Discourage the activities of middlemen
D. Maximize profit margin

Question 12:

• JAMB 2011

Balance of payment problems arise if a country's?

A. Exports is more than imports
B. Imports is more than exports
C. Currency devaluation
D. Invisible exports is more than visible exports

Question 13:

• JAMB 2011

The three components of a country's balance of payments are?

A. Current account, capital account and monetary movement account
B. Capital account, trade account and business record
C. Sales account, profit and loss account and capital account
D. Monetary movement account, trade account and sales ledger

Question 14:

• JAMB 2011

A document that indicates obligation that is transferable by delivery and endorsement is a?

A. Bill of lading
B. Bill of exchange
C. Documentary evidence
D. Negotiable instrument

Question 15:

• JAMB 2011

The document which can be exchange for a bill of lading is?

A. Freight note
B. Mate receipt
C. Export invoice
D. Ship report