Trade - Jamb Commerce Past Questions and Answers

Question 71:

• JAMB 2005

The necessary documents used in foreign trade are?

A. Bill of lading, invoice and letter of inqiry
B. Indent, bill of exchange, bill of lading and voice
C. Voice, shipping note, bill of lading and freight note
D. Shipping note, certificate of origin and visible exports

Question 72:

• 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 73:

• JAMB 2005

Wholesalers can be divided into?

A. Sales agent and brokers
B. Full service
C. Cooperative wholesale society and limited service wholesalers
D. Merchant wholesales and egent middlemen

Question 74:

• JAMB 2005

Invisible imports consist of?

A. Cement, shipping and consultancy services
B. Banking, drinks , insurance and technical services
C. Consultant services, tourism and banking
D. Tourism, banking and canned food and cement

Question 75:

• JAMB 2006

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

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