Foreign trade - Jamb Commerce Past Questions and Answers

Question 26:

• JAMB 1997

In foreign trade, document of title is known as

A. Bill of lading
B. Bill at sight
C. Certifiate of origin
D. Declaration form

Question 27:

• JAMB 1997

Excise duties are paid on goods that are

A. Imported into the country
B. Manufactured within the company
C. Exported to other clonutries
D. Kept in bond warehouses

Question 28:

• JAMB 1997

Stevedores as a term in foreign trade means men who

A. Inspect goods in ships
B. Import goods by ships
C. Collect duties in ships
D. Load and unload ships

Question 29:

• JAMB 1997

The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as

A. Excess charges
B. Demurrage charges
C. Permium charges
D. Trade charges

Question 30:

• JAMB 1998

What document is required when a country imposes ad valorem import duties on goods?

A. A mail transfer
B. A shipping note
C. A billb of lading
D. A consular invoice