Jamb Commerce Past Questions and Answers

Question 446:

• JAMB 2001

The capital owned is

A. N2,740
B. N 1,350
C. N1,150
D. N570

Question 447:

• JAMB 2001

One of the reasons why wholesaling must continue is that?

A. The tax paid by wholesalers on their profit enhances national revenue
B. By creating artificial scarcity, the wholesaler is enhencing competition
C. The wholesaler provides technical advice to the retailer
D. The gap between manufacturers and retailers is reduce byn wholesalers

Question 448:

• JAMB 2001

The merchant wholesaler is referred to as

A. Del-credere agent
B. A broker
C. Rack jobber
D. A factor

Question 449:

• JAMB 2001

A pro-forma invoice is sent to inform a buyer about the

A. Quantity of goods
B. Prices of goods
C. Designation of goods
D. Quality of goods

Question 450:

• 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