Foreign trade - Jamb Commerce Past Questions and Answers

Question 11:

• 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 12:

• JAMB 2019

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

A. Nigerian Police Authority
B. Nigerian Ports Authority
C. National Ports Authority
D. National Police Authority

Question 13:

• JAMB 2019

What is NPA?

A. Nigerian Police Authority
B. Nigerian Ports Authority
C. National Ports Authority
D. National Police Authority

Question 14:

• JAMB 2019

An International organisation that influence and fix the price of oil in the International markets is

A. IMF
B. ECOWAS
C. OPEC
D. OAU

Question 15:

• 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