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Commerce Past Questions

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1651

Trading position of Nigeria is the same as her

  • A. desire to trade with many countries
  • B. willingness to grant credit to foreigners
  • C. balance of trade
  • D. terms of trade
View Answer & Discuss (4) JAMB 2013
1652

The role of customs and exercise authority includes the

  • A. provision of a good transport system to facilitate imports and exports
  • B. provision of security at the port
  • C. control of the flow of goods in and out of the country
  • D. provision of dockyards for ship repairs
View Answer & Discuss JAMB 2013
1653

The document lodged with the customs authorities before a ship can leave the port is a

  • A. shipping note
  • B. ship report
  • C. ship manifest
  • D. dock warrant
View Answer & Discuss JAMB 2013
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1654

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

  • A. consular invoice
  • B. certificate of origin
  • C. bill of lading
  • D. close indent
View Answer & Discuss JAMB 2013
1655

A country's terms of trade are said to improve when the ratio of her export

  • A. decreases
  • B. remains constant
  • C. increases
  • D. equals import
View Answer & Discuss JAMB 2013
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