Role Of Customs And Excise Authority Ports Authority In Foreign Trade - Commerce Jamb Past Questions and Answers

Question 1 :

• JAMB 1994

Commerce is defined as the study of how

A. Man utilizes the resources in his physical environment
B. Man produces, distributes and consumes his goods and services
C. Man buys, sells and distributes goods and services
D. Raw materials are changed into finished goods

Question 2 :

• JAMB 1994

One of the effects of the devaluation of the Naira is that the

A. Goods that can be imported with the naira have become cheaper
B. Value of other currencies relative to the naira have become cheaper
C. Goods that can be exported from Nigeria have become costlier
D. Imports that can be bought with the naira have become costlier

Question 3 :

• JAMB 1994

The financial institution established to boost Nigeria's trade with the rest of the world is called

A. Nigerian Deposit Insurance Corporation
B. Nigerian Economic Reconstruction Fund
C. Nigerian Industrial Development Bank
D. Nigerian Export-Import Bank

Question 4 :

• JAMB 1994

The lake Chad Basin commission was founded to enable member states

A. Expand the volume of water in the lake for fishing activities
B. Increase navigational activities on the lake
C. Dam the lake for electricity and agricultural purposes
D. Co-ordinate their efforts in managing the use of the lake's resources

Question 5 :

• JAMB 2019

All harbours, docks and waterways of Nigeria are looked after by a public corporation called the

A. Nigerian Police Authority
B. Nigerian Ports Authority
C. National Ports Authority
D. National Police Authority