Trade - Jamb Commerce Past Questions and Answers

Question 116:

• JAMB 2013

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

A. Consular invoice
B. Certificate of origin
C. Bill of lading
D. Close indent

Question 117:

• JAMB 2013

A country's terms of trade are said to improve when the ratio of her export

A. Decreases
B. Remains constant
C. Increases
D. Equals import

Question 118:

• JAMB 2014

The document issued by a port authority for goods deposited is a

A. Bill of lading
B. Bill of sight
C. Consular invoice
D. Warehouse warrant

Question 119:

• JAMB 2014

The document submitted to the customs authority when full description of imported goods is not provided is

A. A bill of sight
B. An invoice
C. An indent
D. A bill of entry

Question 120:

• JAMB 2014

The role of customs and excise authority includes the

A. Control of the flow of goods in and out of the country
B. Control of security agents within and out of the borders
C. Provision of dockyards for ship repairs and maintenance
D. Provision of transport system to facilitate imports and exports