Foreign Trade - Commerce Jamb Past Questions and Answers

Question 31 :

• JAMB 1998

Enter pot trade is said to have taken place when goods are?

A. Held at the port payment of custom duty
B. Sold in the ship under special regulation
C. Imported and then re-export
D. Kept for further processing before sales

Question 32 :

• JAMB 1998

When a price is quoted at F.O.B. it means that the price?

A. Excludes loading charges incurred in bringing the goods to port of destinction
B. Exclude all necessary shipping charges payable for insurrance
C. Includes all charges payable on shipping a consignment to the port destination
D. Includes charges payable for for loading goods onto the ship

Question 33 :

• JAMB 1999

The main document sent to an importer of goods by the exporter are?

A. Invoice, consular invoice, certificate of orign, fright note, indent and insurance policy
B. Indent, bill of lading, certificate of orign, invoice and bill of exchange
C. Certificate of orign, bill of exchange, insurance policy, indent and bill of lading
D. Bill of lading, invoice insurance policy, consular invoice, certificate of orign and bill of exchange

Question 34 :

• JAMB 1999

(i)Foreign investment (ii)Long term lending (iii) Short-term borrowing. Which combination of the above include capital account in international trade?

A. I, iii, and iv
B. Ii, iii and iv
C. Ii and iv
D. I and ii

Question 35 :

• JAMB 2000

Ocean liners are subdivided into

A. Passenger liner and cargo liners
B. Coastel liners and cargo liners
C. Cargo liners and tramp liners
D. Passenger liners and tramp liners