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Commerce 2023 JAMB Past Questions

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71

Why is clean bill of lading called so?

  • A. it is a clear bill
  • B. it shows not records of damaged goods
  • C. it shows records of damaged goods
  • D. it signifies no debt is owed
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72

What is a quota?

  • A. ban on all imported goods
  • B. a physical restriction placed on quantity of goods that can be imported
  • C. tax paid on goods produced within a country
  • D. tax paid on goods produced outside a country
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73

The four P's of marketing are also known as

  • A. marketing mix
  • B. product mix
  • C. promotion mix
  • D. advertising mix
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74

The difference between the central bank and commercial bank is that the former

  • A. serves as lender of last resort
  • B. discount treasury bills
  • C. saves valuable of individual
  • D. give loans to the public
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75

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its

  • A. marketing responsibilities
  • B. managerial responsibilities
  • C. economic responsibilities
  • D. social responsibilities
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