Foreign trade - Jamb Commerce Past Questions and Answers

Question 46:

• JAMB 2006

The Customs and Excise Department is responsible for the the collection of?

A. Royalties
B. Tariffs
C. Taxes
D. Charges

Question 47:

• JAMB 2006

In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as?

A. Counter trade
B. Balance of trade
C. Balance of payments
D. Terms of trade

Question 48:

• JAMB 2006

Foreign trade also involves?

A. Providing services for other countries
B. Specialization and the exchange of goods in a country
C. Buying and selling within a country
D. The exchange of goods and services between firms

Question 49:

• JAMB 2007

One of the functions of the Nigeria Ports Authority is the provision of?

A. Facilities to enhance the speedy loading and offloading of cargoes
B. Facilities to ensure that goods get to their destinations
C. Shelter for operators of cargoes
D. Courier services to ensure speedy delivery

Question 50:

• JAMB 2007

A written agreement for hiring a ship for transporting goods is a?

A. Consular invoice
B. Bill of lading
C. Charter party
D. Certificate of origin