Post Utme Obafemi Awolowo University Commerce Past Questions and Answers

Question 16:

The sale- of foreign investment and gold reserve can be used to ____________

A. Correct a budget deficit
B. Increase invisible imports
C. Correct adverse balance of payments
D. Correct adverse balance of trade

Question 17:

The difference between personal selling and sales promotion is that while sales promotion includes free gifts and samples, personal selling involves ____________

A. Distribution of instruction posters
B. Face - to face communication with customers
C. Premium programming for customers
D. Publishing promotional booklets

Question 18:

Commercialization of government corporations brings about an increase in the level of ____________

A. Money supply in the economy
B. Distrust among business operators
C. Competition among business operators
D. Social responsibility

Question 19:

In international trade, exchanging goods for other goods and services purchased instead of paying in foreign currency is known as ____________

A. Countertrade
B. Balance of trade
C. Balance of payments
D. Terms of trade

Question 20:

Which of the following arrangements for the conveyance of goods abroad?

A. Ports Authority
B. Customs and Excise Authority
C. Airport Authority
D. Export Promotion Council