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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?

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A Reduce transportation cost
B Make contact with individual consumers
C Discourage the activities of middlemen
D Maximize profit margin

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Question 12:

Balance of payment problems arise if a country's?

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A Exports is more than imports
B Imports is more than exports
C Currency devaluation
D Invisible exports is more than visible exports

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Question 13:

The three components of a country's balance of payments are?

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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

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Question 14:

A document that indicates obligation that is transferable by delivery and endorsement is a?

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A Bill of lading
B Bill of exchange
C Documentary evidence
D Negotiable instrument

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Question 15:

The document which can be exchange for a bill of lading is?

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A Freight note
B Mate receipt
C Export invoice
D Ship report

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