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Commerce 2008 JAMB Past Questions

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21

Balance of payments is made up of?

  • A. visible and current items
  • B. invisible and capital items
  • C. current and capital items
  • D. visible and invisible items
View Answer & Discuss (2) JAMB 2008
22

Most of the barriers to international trade have been eliminated through?

  • A. diversification
  • B. globalization
  • C. commercialization
  • D. privatization
View Answer & Discuss JAMB 2008
23

A document sent by a seller to inform a buyer about the prices of goods is the?

  • A. catalogue
  • B. price list
  • C. credit note
  • D. proforma invoice
View Answer & Discuss JAMB 2008
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24

When 'FOB' is written on a document, it implies that the buyer bears the?

  • A. cost of goods and advert
  • B. loading costs and insurance
  • C. insurance and transport costs
  • D. transport and communication costs
View Answer & Discuss JAMB 2008
25

A crossed cheque with the inscription 'not negotiable' must be paid into the?

  • A. current account of the drawer
  • B. current account of the payee
  • C. savings account of the payee
  • D. fixed account of the payee
View Answer & Discuss JAMB 2008
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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