Jamb Commerce Past Questions and Answers

Question 666:

• JAMB 2005

A type of credit offered by both commercial and merchant banks in Nigeria is?

A. Trade credit
B. Line of credit
C. Discounting facility
D. Overdraft

Question 667:

• JAMB 2005

A major function of a chamber of commerce is?

A. Increaseing productivity
B. Promoting both home and foreign trade
C. Promoting trade in a particular line
D. Maximizing profit

Question 668:

• JAMB 2005

Which of the middlemen in the channel of distribution has tittle to the goods he distributes?

A. The merchant wholesaler
B. The agent
C. The limited wholersaler
D. The retailer

Question 669:

• JAMB 2005

Which of the following confirms the accuracy of the duty charged on imported goods?

A. An indent
B. Consular invoice
C. Consignment note
D. Shipping note

Question 670:

• JAMB 2005

The association that comprises all types of businesses is referred to as?

A. Chamber of commerce
B. Trust
C. Trade association
D. Cartel