Foreign Trade - Commerce Jamb Past Questions and Answers

Question 76 :

• JAMB 2015

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 :

• JAMB 2016

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 :

• JAMB 2016

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 :

• JAMB 2016

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 :

• JAMB 2018

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