Foreign trade - Jamb Commerce Past Questions and Answers

Question 51:

• JAMB 2007

A major setback of international trade is?

A. Inadequate exports
B. Economic sanctions
C. Devaluation of currency
D. Exchange rate appreciation

Question 52:

• JAMB 2007

The sale of of foreign investment and gold reserves can be used to?

A. Correct adverse balance of trade
B. Increase invisible imports
C. Correct adverse balance of payment
D. Correct a budget deficit

Question 53:

• JAMB 2008

Balance of payments is made up of?

A. Visible and current items
B. Invisible and capital items
C. Current and capital items
D. Visible and invisible items

Question 54:

• JAMB 2008

Most of the barriers to international trade have been eliminated through?

A. Diversification
B. Globalization
C. Commercialization
D. Privatization

Question 55:

• JAMB 2008

Ships used for international transport are?

A. Trawelers
B. Yachets
C. Ocean liners
D. Launchers