Trade - Jamb Commerce Past Questions and Answers

Question 121:

• JAMB 2015

The document that gives an importer freehand to obtain goods form any manufacturer is

A. A closed indent
B. A consular invoice
C. A freight note
D. An open indent

Question 122:

• JAMB 2015

A machine which enables sales without the physical presence of sales attendant is a

A. Telex Machine
B. Fax Machine
C. Vending Machine
D. Computer machine

Question 123:

• 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 124:

• 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 125:

• 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