Commerce Past Questions

16

A pro forma invoice is NOT required when

A. quoting for the supply of goods
B. goods are sent on approval
C. dealing regularly with a customer
D. final prices are uncertain

View Answer & Discuss (3) JAMB 1994

17

Which of the following statements is TRUE about sea transport?

A. all ships have specific routes to ply
B. all ships must be insured at every journey
C. all ships are insured separately from the crew
D. all ships normally arrive at their destination with goods

View Answer & Discuss (3) JAMB 1994

18

The postal organization which preceded the Nigerian Postal Service is

A. Post and Telecommunication
B. Post and Telephone
C. Post and Teleprinter
D. Post and Telegraph

View Answer & Discuss (2) JAMB 1994

19

Goods discharged from ships on which import duties have not been paid are kept in the

A. ordinary warehouse
B. public warehouse
C. private warehouse
D. bonded warehouse

View Answer & Discuss (2) JAMB 1994

20

A sole proprietor insured his goods worth N200,000 for half the value. There was a fire accident in which goods valued N80,000 were destroyed. The value of compensation expected from the insurer is

A. N40,000
B. N80,000
C. N100,000
D. N200,000

View Answer & Discuss (16) JAMB 1994

Commerce Past Questions

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