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Commerce 1997 JAMB Past Questions

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26
Stevedores as a term in foreign trade means men who
  • A. inspect goods in ships
  • B. import goods by ships
  • C. collect duties in ships
  • D. load and unload ships
View Answer & Discuss (3) JAMB 1997
27
A close indent is an instrument to an agent to
  • A. order goods from a particular manufacturer
  • B. order goods from any manufacturer
  • C. sell gods to any firm
  • D. sell goods to a certain firm
View Answer & Discuss JAMB 1997
28
The basic distinction between cash discount and trade discount is that while trade discount is
  • A. for a period of 30 days, cash discount is for a period of 3 months
  • B. given by a wholesaler, cash discount is given by a bank
  • C. a reduction in the catalogue pirce f an article, cash dis count is a reduction in the invoice value
  • D. a reduction in the value of sales, cash discount is a reduction in price of goods
View Answer & Discuss JAMB 1997
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29
The cost that raises from failure to load or unload a ship at the port within a stipulated period is known as
  • A. excess charges
  • B. demurrage charges
  • C. permium charges
  • D. trade charges
View Answer & Discuss (5) JAMB 1997
30
Bank giro is a system where?
  • A. commercial banks can give loan to all customers
  • B. a central bank opens account for commercial banks
  • C. a customer uses cheque to pay serveral bills
  • D. a customer closes his account by writting cheque
View Answer & Discuss (1) JAMB 1997
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