Trade - Jamb Commerce Past Questions and Answers

Question 26:

• JAMB 1995

Freight note is a document

A. Used by government to transport goods from one country to another
B. Issued by a shipping company giving details of charges
C. Used for payment for imported goods
D. Given by an importer to pay for goods at a future period

Question 27:

• JAMB 1995

Berne union is also known as

A. International Credit Union
B. International Documentry Credit
C. International Union of Credit and Investment Insurers
D. Export Credit Guarantee Scheme

Question 28:

• JAMB 1995

The secretariat of the Niger Basin Commission is located at

A. Ouagadougou, Burkina Faso
B. Abuja, Nigeria
C. Niamey, Niger
D. Bamako, Mali

Question 29:

• JAMB 1995

Factoring is a trade debt term used when the agent buys all the trade debts of the

A. Importers
B. Exporters
C. Nation
D. Customers

Question 30:

• JAMB 1995

Goods imported into a country for the purpose of re-exporting attracts a rebate known as

A. Customs draw back
B. Export royalty
C. Incentive
D. Export rebate