2013 - JAMB Commerce Past Questions and Answers - page 3
21
A country is said to be experiencing an unfavorable balance of trade if her
A
exports exceed imports
B
visible exports exceed visible imports
C
imports and exports are equal
D
visible imports exceed visible exports
correct option: d
Users' Answers & Comments22
Trading position of Nigeria is the same as her
A
desire to trade with many countries
B
willingness to grant grant credit to foreigners
C
balance of trade
D
terms of trade
correct option: a
Users' Answers & Comments23
The role of customs and exercise authority includes the
A
provision of a good transport system to facilitate imports and exports
B
provision of security at the port
C
control of the flow of goods in and out of the country
D
provision of dockyards for ship repairs
correct option: c
Users' Answers & Comments24
The document lodged with the customs authorities before a ship can leave the port is a
A
shipping note
B
ship report
C
ship manifest
D
dock warrant
correct option: c
Users' Answers & Comments25
The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a
A
consular invoice
B
certificate of origin
C
bill of lading
D
close indent
correct option: b
Users' Answers & Comments26
A country's terms of trade are said to improve when the ratio of her export
A
decreases
B
remains constant
C
increases
D
equals import
correct option: c
Users' Answers & Comments27
Which of the following advertising medium appeals to only the literate in the society
A
radio advertising
B
print media advertising
C
television advertising
D
cinema advertising
correct option: b
Users' Answers & Comments28
The two main forms of communication are
A
oral and written
B
verbal and non-verbal
C
e-mail and fax
D
traditional and modern media
correct option: b
Users' Answers & Comments29
The most reliable and efficient means of conveying urgent documents is through
A
postal order
B
ordinary letters
C
registered letters
D
courier services
correct option: d
Users' Answers & Comments30
An undertaking given by a person to another assuring his integrity is
A
proximate cause
B
fidelity quarantee
C
subrogation
D
insurable interest
correct option: b
Users' Answers & Comments