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Foreign trade - Jamb Commerce Past Questions and Answers

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Jamb Commerce Past Questions

Question 76:


The document issued to a port authority when a good are deposited is a

A. Dock warrant
B. Dock landing account
C. Ball of sight
D. Bill of landing note


Question 77:


Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)
The formular above can be used to determine the

A. Terms of payment
B. Balance of payments
C. Tearms of trade
D. Import tariffs


Question 78:


The component of balance of payments which shows how the balance of both current and capital accounts are settled is know as

A. Current account
B. Monetary movement account
C. Capital account
D. Social-welfare account


Question 79:


One of the functions of the Nigerian Ports Authority is that it

A. Gives preferential treatment to Nigerian investors
B. Provides credit facilities to importers
C. Encourages the growth of infant industries
D. Provides warehosing facilities at the docks


Question 80:


The act of selling in a foreign market at a price lower than the cost price is called

A. Dumping
B. Hedging
C. Fair trading
D. Under sale






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