Commerce Past Questions and Answers

Question 16 :

• JAMB 1994

A pro forma invoice is NOT required when

A. Quoting for the supply of goods
B. goods are sent on approval
C. Dealing regularly with a customer
D. Final prices are uncertain

Question 17 :

• JAMB 1994

Which of the following statements is TRUE about sea transport?

A. All ships have specific routes to ply
B. All ships must be insured at every journey
C. All ships are insured separately from the crew
D. All ships normally arrive at their destination with goods

Question 18 :

• JAMB 1994

The postal organization which preceded the Nigerian Postal Service is

A. Post and Telecommunication
B. Post and Telephone
C. Post and Teleprinter
D. Post and Telegraph

Question 19 :

• JAMB 1994

Goods discharged from ships on which import duties have not been paid are kept in the

A. Ordinary warehouse
B. Public warehouse
C. Private warehouse
D. Bonded warehouse

Question 20 :

• JAMB 1994

A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is

A. N40,000
B. N80,000
C. N100,000
D. N200,000