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Commerce Past Questions and Answers

Jamb Commerce Questions

Question 11:
The main frame of selling directly to the consumers by manufacturers is to?
  • A Reduce transportation cost
  • B Make contact with individual consumers
  • C Discourage the activities of middlemen
  • D Maximize profit margin
View Answer & Explanation
Question 12:
Balance of payment problems arise if a country's?
  • A Exports is more than imports
  • B Imports is more than exports
  • C Currency devaluation
  • D Invisible exports is more than visible exports
View Answer & Explanation
Question 13:
The three components of a country's balance of payments are?
  • A Current account, capital account and monetary movement account
  • B Capital account, trade account and business record
  • C Sales account, profit and loss account and capital account
  • D Monetary movement account, trade account and sales ledger
View Answer & Explanation
Question 14:
A document that indicates obligation that is transferable by delivery and endorsement is a?
  • A Bill of lading
  • B Bill of exchange
  • C Documentary evidence
  • D Negotiable instrument
View Answer & Explanation
Question 15:
The document which can be exchange for a bill of lading is?
  • A Freight note
  • B Mate receipt
  • C Export invoice
  • D Ship report
View Answer & Explanation