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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 31:

The necessary documents used in foreign trade are?

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A Bill of lading, invoice and letter of inqiry
B Indent, bill of exchange, bill of lading and voice
C Voice, shipping note, bill of lading and freight note
D Shipping note, certificate of origin and visible exports

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Question 32:

Occupations are classified into?

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A Production, labour and economics
B Extraction, construction and manufacturing
C Industry, commerce and serves
D Trade, aids to trade and serivices

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Question 33:

A cheque drawn by a bank official on the bank's deposits in another bank on a customer's instruction is known as?

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A Promissary note
B Bankdraft
C Banker's order
D Travellers' cheque

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Question 34:

A type of credit offered by both commercial and merchant banks in Nigeria is?

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A Trade credit
B Line of credit
C Discounting facility
D Overdraft

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Question 35:

A major function of a chamber of commerce is?

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A Increaseing productivity
B Promoting both home and foreign trade
C Promoting trade in a particular line
D Maximizing profit

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