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Trade - Jamb Commerce Past Questions and Answers

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Jamb Commerce Past Questions

Jamb Past Questions and Answers on Trade

Question 111:


The final link in the chain of distribution is

A. Middlemen
B. Whole saling
C. Consumer
D. Retailing


Question 112:


A country is said to be experiencing an unfavorable balance of trade if her

A. Exports exceed imports
B. Visible exports exceed visible imports
C. Imports and exports are equal
D. Visible imports exceed visible exports


Question 113:


Trading position of Nigeria is the same as her

A. Desire to trade with many countries
B. Willingness to grant credit to foreigners
C. Balance of trade
D. Terms of trade


Question 114:


The role of customs and exercise authority includes the

A. Provision of a good transport system to facilitate imports and exports
B. Provision of security at the port
C. Control of the flow of goods in and out of the country
D. Provision of dockyards for ship repairs


Question 115:


The document lodged with the customs authorities before a ship can leave the port is a

A. Shipping note
B. Ship report
C. Ship manifest
D. Dock warrant






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