Purchase and Sale of Goods - Jamb Commerce Past Questions and Answers

Question 26:

• JAMB 2002

A bill of exchange already accepted can be discounted by the holder in?

A. The central bank
B. At least two banks
C. His bank
D. Any bank

Question 27:

• JAMB 2002

The document issued by the seller which gives detail of the goods he sells is known as?

A. Catalogue
B. Tender
C. Price list
D. Invoice

Question 28:

• JAMB 2002

The letters E and OE stand for?

A. Errors of exception
B. Errors and omissions expected
C. Estimate and order error
D. End of error

Question 29:

• JAMB 2004

The instruments of credit includes?

A. Billboards and postal stamps
B. Payment vouchers and statement of account
C. Bills of exchange and promissory notes
D. Bills of exchange and salary salary vouchers

Question 30:

• JAMB 2004

What is the role of the capita; market in the privatization exercise in Nigeria?

A. Selling the shares and stocks of the companies to be privtized
B. Encouraging private companies to participate inthe exercise
C. Negotiating with individuals who want to buy public companies
D. Advertising for governement