Jamb Commerce Past Questions and Answers

Question 1196:

• JAMB 2016

The type of wholesaler that combines selling, delivery and collection in one operation is

A. Specialist wholesaler
B. Rack jobber
C. Drop shipment
D. Truck wholesaler

Question 1197:

• 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 1198:

• JAMB 2016

Commission on turnover is usually a benefit accruable to the

A. Drawer
B. Drawee
C. Payer
D. Payee

Question 1199:

• JAMB 2016

Avast is an example of

A. A web browser
B. A search engine
C. An antivirus
D. A spread sheet

Question 1200:

• 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