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Commerce Past Questions and Answers

Commerce Questions

Question 141:
JAMB 1994
Governments impose import duties for the following reasons EXCEPT
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  • A To raise revenue for other services
  • B To act as a retaliatory measure against other governments
  • C To discourage the redistribution of income at home
  • D To protect home industries from external competition
View Answer & Explanation
Question 142:
JAMB 1994
Sole enterprise may flourish best in
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  • A A mining business
  • B A retailing business
  • C An oil exploration business
  • D A car assembly business
View Answer & Explanation
Question 143:
JAMB 1994
The use of coin-operated machines to sell goods is a form of
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  • A Personal selling
  • B Retailing
  • C Wholesaling
  • D Mail-order selling
View Answer & Explanation
Question 144:
JAMB 1994
What is the major function of the wholesaler?
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  • A Buying from small-scale producers and selling to exporters
  • B Buying in bulk and selling in small quantities
  • C Granting of credit facilities to retailers
  • D Providing information to manufacturers on market situation
View Answer & Explanation
Question 145:
JAMB 1994
The rate at which a country's exports exchange for its imports is called
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  • A Balance of payments
  • B Balance of trade
  • C Terms of payment
  • D Terms of trade
View Answer & Explanation

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