Jamb Commerce 2013 Past Questions and Answers

Question 6:

• JAMB 2013

Trading position of Nigeria is the same as her

A. Desire to trade with many countries
B. Willingness to grant credit to foreigners
C. Balance of trade
D. Terms of trade

Question 7:

• JAMB 2013

The role of customs and exercise authority includes the

A. Provision of a good transport system to facilitate imports and exports
B. Provision of security at the port
C. Control of the flow of goods in and out of the country
D. Provision of dockyards for ship repairs

Question 8:

• JAMB 2013

The document lodged with the customs authorities before a ship can leave the port is a

A. Shipping note
B. Ship report
C. Ship manifest
D. Dock warrant

Question 9:

• JAMB 2013

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

A. Consular invoice
B. Certificate of origin
C. Bill of lading
D. Close indent

Question 10:

• JAMB 2013

A country's terms of trade are said to improve when the ratio of her export

A. Decreases
B. Remains constant
C. Increases
D. Equals import