Foreign trade - Jamb Commerce Past Questions and Answers

Question 36:

• JAMB 2001

The balance of payments of countries is

A. A record of imports and export
B. A systematic record of transaction among countries at a given time
C. The current and the capital accounts and their payments
D. The trade relationships and payment among nations

Question 37:

• JAMB 2002

Which of the following involves foreign trade ?

A. Supermarket
B. Chain stores
C. Departmental stores
D. Commodity markets

Question 38:

• JAMB 2003

An obstacle to international trade is?

A. Trade imbalance between countries
B. Availiability of local market
C. Quantity and quality of labour
D. Cost of finance

Question 39:

• JAMB 2003

The basic functin of the Nigeria Ports Authority is to?

A. Ensure that the right calibre of personnel is employed at the ports
B. Coordinate and regulate the activities of shipping lines
C. Facilitate and control the movement of goods and services into and out of the country
D. Coordinate the activities of all the seaports in the country

Question 40:

• JAMB 2003

One of the functions of seaports is the provision of?

A. Berthing and landing facilities
B. Loading and off-loading facilities
C. Control room for relaying radio messages
D. Warehouses for storage of cargo