Jamb Commerce Past Questions and Answers

Question 1436:

• JAMB 2019

A number of shipping lines operating on a certain route, which agree on a common policy regarding the conditions under which goods are to be carried

A. Cartel
B. Conference
C. Syndicate
D. Trust

Question 1437:

• JAMB 2019

The difference between a chamber of commerce and a trade association is that the former

A. Is not restricted to a particular industry
B. Is a branch of trade that sells product
C. Consists of members engaged in the same trade
D. Are association of individuals or firms

Question 1438:

• JAMB 2019

Which of these is a document used in International trade?

A. Debit note
B. Credit note
C. Invoice
D. Price ring

Question 1439:

• JAMB 2019

All but one is not a barriers to foreign trade

A. Natural Barriers
B. Economic Barriers
C. Social and Language Barriers
D. Trade Fair

Question 1440:

• JAMB 2019

The difference between the buying price and the selling price of a share is referred to as

A. Commission
B. Profit
C. Jobber's Profit
D. Turnover