Trade - Jamb Commerce Past Questions and Answers

Question 61:

• JAMB 2003

The basic functin of the Nigeria Ports Authority is to?

A. Ensure that the right calibre of personnel is employed at the ports
B. Coordinate and regulate the activities of shipping lines
C. Facilitate and control the movement of goods and services into and out of the country
D. Coordinate the activities of all the seaports in the country

Question 62:

• JAMB 2003

The concept that refers to the sale, transfer or exchange of goods and service is?

A. Industry
B. Trade
C. Tariff
D. Marketing

Question 63:

• JAMB 2003

One of the functions of seaports is the provision of?

A. Berthing and landing facilities
B. Loading and off-loading facilities
C. Control room for relaying radio messages
D. Warehouses for storage of cargo

Question 64:

• JAMB 2004

The members of the Niger Basin Commission include?

A. Guinea, Ghana and Niger Republic
B. Burkina Faso, Guinea and Nigeria
C. The Gambia, Benin Republic and Chad
D. Nigeria, Benin Republic and Chad Republic
E. Nigeria, the Gambia and Cameroun

Question 65:

• JAMB 2004

In international trade, documentary credit is also known as?

A. Credit note
B. Letters of credit
C. Bankers' note
D. Letter of hypothecation