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Commerce 2011 JAMB Past Questions

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11

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
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12

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
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13
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
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14

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

  • A. freight note
  • B. mate receipt
  • C. export invoice
  • D. ship report
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15

The price quoted which includes the cost of insurance, freight and all delivery charges to the importer's warehouse is?

  • A. Free Alongside Ship
  • B. Franco
  • C. Free On Board
  • D. Free On Rail
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