1998 - JAMB Commerce Past Questions & Answers - page 1

1
Use the information Above to answer this question

What is the current ratio?
A
4:1
B
4.5:1
C
5:1
D
25.5:1
CORRECT OPTION: c
2
Use the information above to answer this question

What is the ratio?
A
2.95:1
B
4.25:1
C
4.75:1
D
5,55:1
CORRECT OPTION: a
3
The form of capital which is easily transferred into the form desired is known as?
A
working capital
B
liquid capital
C
circulating capital
D
capital employed
CORRECT OPTION: c
4
If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?
A
23.3%
B
33.3%
C
50.0%
D
66.6%
CORRECT OPTION: b
5
A machine which enable s sales without the physical presence of a sales attendant is a
A
computer machine
B
vending machine
C
telex machine
D
fax machine
CORRECT OPTION: b
6
What document is required when a country imposes ad valorem import duties on goods?
A
A mail transfer
B
A shipping note
C
A billb of lading
D
A consular invoice
CORRECT OPTION: b
7
Enter pot trade is said to have taken place when goods are?
A
held at the port payment of custom duty
B
sold in the ship under special regulation
C
imported and then re-export
D
kept for further processing before sales
CORRECT OPTION: c
8
When a price is quoted at F.O.B. it means that the price?
A
excludes loading charges incurred in bringing the goods to port of destinction
B
exclude all necessary shipping charges payable for insurrance
C
includes all charges payable on shipping a consignment to the port destination
D
includes charges payable for for loading goods onto the ship
CORRECT OPTION: c
9
The document with which a manufacturing enterprises releases stock
Of raw materials to the factory for product is called?
A
stock releases form
B
goods received note
C
stock issues voucher
D
materials release note
CORRECT OPTION: c
10
the two main categories under which marine losses fall into are?
A
particular loss and average loss
B
actual loss and average loss
C
total loss and partial loss
D
voyage policy loss and time policy loss
CORRECT OPTION: c
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