Trade - Jamb Commerce Past Questions and Answers

Question 51:

• JAMB 2000

Ocean liners are subdivided into

A. Passenger liner and cargo liners
B. Coastel liners and cargo liners
C. Cargo liners and tramp liners
D. Passenger liners and tramp liners

Question 52:

• JAMB 2001

One of the reasons why wholesaling must continue is that?

A. The tax paid by wholesalers on their profit enhances national revenue
B. By creating artificial scarcity, the wholesaler is enhencing competition
C. The wholesaler provides technical advice to the retailer
D. The gap between manufacturers and retailers is reduce byn wholesalers

Question 53:

• JAMB 2001

The merchant wholesaler is referred to as

A. Del-credere agent
B. A broker
C. Rack jobber
D. A factor

Question 54:

• JAMB 2001

The balance of payments of countries is

A. A record of imports and export
B. A systematic record of transaction among countries at a given time
C. The current and the capital accounts and their payments
D. The trade relationships and payment among nations

Question 55:

• JAMB 2001

One of the obstacles to achieving the objectives of ECOWAS is?

A. Lack of a common currency
B. Colonial linkages
C. Sovereignty of states
D. Language differences