Jamb Commerce 2022 Past Questions and Answers

Question 51:

• JAMB 2022

A document used to ensure correct payment of duty at the importing country is

A. Documentary credit
B. Consular invoice
C. Certificate of origin
D. Bill of lading

Question 52:

• JAMB 2022

A cheque is specially crossed if

A. The name of the account holder is written between two parallel lines drawn across it
B. It could be paid over the counter
C. The name of the bank is written between two parallel lines drawn across it
D. Only two parallel lines are drawn across it

Question 53:

• JAMB 2022

One of the functions of a trade association is to

A. Pay members salaries
B. Promote members' welfare
C. Provide loans to members
D. Provide employment for members

Question 54:

• JAMB 2022

When a share with a nominal value of #50 is quoted at #70, it is being sold

A. Cum div
B. Ex-div
C. At a discount
D. At a premium

Question 55:

• JAMB 2022

Sea vessels that do not operate on regular times and routes are

A. Tramps
B. Ocean liners
C. Container ships
D. Ferries