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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 41:

Loan schemes by thrift societies are?

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A Mortage schemes
B Conventional schemes
C Mutual schemes
D Unconventional schemes

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Question 42:

An internal demand for goods to be purchased or drawn from stock is?

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A A quoation
B A requisition
C A tender
D An order

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Question 43:

The term 4 net 7 on an invoice means that?

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A 4% surcharge will be made unless payment iss made within seven days
B 4% discount will be allowed on the price charged only if the goods are bought within seven days
C 4% discount will be allowed on the price charged only if payment is made after seven days
D 4% discount will be allowed on the price charge if payment is made within seven days

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Question 44:

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

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A Export invoice
B Ship's manifest
C An indent
D Bill of lading

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Question 45:

Organizing trade fairs in Nigeria is the responsibility of?

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A National Directorate of Employment
B Federal Ministry of Commerce
C Trade association
D Chambers of commerce

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