Jamb Commerce Past Questions and Answers

Question 141:

• JAMB 1994

Governments impose import duties for the following reasons EXCEPT

A. To raise revenue for other services
B. To act as a retaliatory measure against other governments
C. To discourage the redistribution of income at home
D. To protect home industries from external competition

Question 142:

• JAMB 1994

Sole enterprise may flourish best in

A. A mining business
B. A retailing business
C. An oil exploration business
D. A car assembly business

Question 143:

• JAMB 1994

The use of coin-operated machines to sell goods is a form of

A. Personal selling
B. Retailing
C. Wholesaling
D. Mail-order selling

Question 144:

• JAMB 1994

What is the major function of the wholesaler?

A. Buying from small-scale producers and selling to exporters
B. Buying in bulk and selling in small quantities
C. Granting of credit facilities to retailers
D. Providing information to manufacturers on market situation

Question 145:

• JAMB 1994

The rate at which a country's exports exchange for its imports is called

A. Balance of payments
B. Balance of trade
C. Terms of payment
D. Terms of trade