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Commerce Past Questions

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921
Charges paid by a for staying at at a port beyond agreed sailing time is called?
  • A. profit
  • B. interest
  • C. holding
  • D. carriage cost
  • E. demurrage
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922
Entrepot Trade refers to?
  • A. importing for domestic consumption
  • B. importing for industrial use
  • C. importing for government concerns
  • D. exporting for factory use
  • E. import for re-port
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923
Which of following could account for a favourable balance of payment?
  • A. High capital repayments
  • B. high debt service repayment
  • C. higher imports than exports
  • D. higher expert than imports
  • E. higher public spending
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924
Which of the following is not part of the facilities provided by the Nigerian Ports Authority?
  • A. Dredging
  • B. Warehousing
  • C. Collection of customs duties
  • D. Loading and off-loading of cargoes
  • E. Off-loading of cargoes
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925
The main purpose of branding is to?
  • A. increase the quantity of goods demanded
  • B. differentiate goods from other similar goods made by other producers
  • C. increase the selling price of goods
  • D. enhance turnover of goods
  • E. introduce the product to the customers
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