Warehousing - Jamb Commerce Past Questions and Answers

Question 1:

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2:

• JAMB 1994

Goods discharged from ships on which import duties have not been paid are kept in the

A. Ordinary warehouse
B. Public warehouse
C. Private warehouse
D. Bonded warehouse

Question 3:

• JAMB 2019

A document which entitles its holder to the goods named on it, which is stored in a specific warehouse is called________

A. Debit note
B. Credit note
C. Warrant
D. Shipping note

Question 4:

• JAMB 1994

Goods discharged from ships on which import duties have not been paid are kept in the

A. Ordinary warehouse
B. Public warehouse
C. Private warehouse
D. Bonded warehouse

Question 5:

• JAMB 1999

Tolu purchase goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from.

A. A manufacturer's warehouse
B. A bonded warehouse
C. An importer's warehouse
D. A wholesaler's warehouse