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Commerce 1995 JAMB Past Questions

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46
In the channel of distribution, which of the following sets is entirely made up of middlemen?
  • A. Wholesalers, retailers and agents
  • B. Manufacturers, consumers and retailers
  • C. Wholesalers, agents and consumers
  • D. Retailers, manufacturers and wholesalers
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47
Goods imported into a country for the purpose of re-exporting attracts a rebate known as
  • A. customs draw back
  • B. export royalty
  • C. incentive
  • D. export rebate
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48
Most foreign trade transaction are paid for through the use of
  • A. central bank cheques
  • B. bank drafts drawn by commercial banks on their foreign branches
  • C. irrevocable and confirmed letters of credit
  • D. letters of credit authenticated by the embassies of the respective countries
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49
RRF as a scheme introduced by the central bank of Nigeria means
  • A. recording and Rediscounting Facility
  • B. refinancing and Recording Facility
  • C. refinancing and Rediscounting Facility
  • D. refinancing and Reinvesting Facility
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50
Which of the following gives the correct order in which the listed documents are used?
  • A. debit note, order, delivery note, invoice and statement
  • B. order, delivery note, invoice, debit note and statement
  • C. statement, order, invoice, delivery note and debit note
  • D. invoice, order, statement, debit note and delivery note
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