Foreign trade - Jamb Commerce Past Questions and Answers

Question 41:

• JAMB 2004

In international trade, documentary credit is also known as?

A. Credit note
B. Letters of credit
C. Bankers' note
D. Letter of hypothecation

Question 42:

• JAMB 2004

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A. Export invoice
B. Ship's manifest
C. An indent
D. Bill of lading

Question 43:

• JAMB 2004

International trade takes place as a result of?

A. Uniformity in costs of production
B. Inequitable distribution of natural resources
C. Parity in the level of industrialization
D. Similarities in climate conditions

Question 44:

• JAMB 2005

The necessary documents used in foreign trade are?

A. Bill of lading, invoice and letter of inqiry
B. Indent, bill of exchange, bill of lading and voice
C. Voice, shipping note, bill of lading and freight note
D. Shipping note, certificate of origin and visible exports

Question 45:

• JAMB 2005

Invisible imports consist of?

A. Cement, shipping and consultancy services
B. Banking, drinks , insurance and technical services
C. Consultant services, tourism and banking
D. Tourism, banking and canned food and cement