Jamb Commerce 2011 Past Questions and Answers

Question 16:

• JAMB 2011

The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is?

A. Free Alongside Ship
B. Franco
C. Free On Board
D. Free On Rail

Question 17:

• JAMB 2011

The purchase of goods under the CWO system of payment implies that?

A. Money must be enclosed when ordering
B. Payment must be made on delivery
C. Payment must be made within few days
D. Cash must be paid on the spot

Question 18:

• JAMB 2011

The most effective nut limited medium of advertising in Nigeria is?

A. Billboard
B. Television
C. Newspaper
D. Radio

Question 19:

• JAMB 2011

A cheque that has been drawn but not presented for payment can still be honored?

A. Within 6 months
B. After 9 months
C. Within 9 months
D. After 6 months

Question 20:

• JAMB 2011

The major source of income to commercial banks is?

A. Tourism
B. Banking
C. Communication
D. Transportation