Commerce Past Questions

Change Subject Ask Question Check Syllabus Download App My Bookmarks

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 (2) JAMB 1994
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
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
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 (1) JAMB 1994
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 (13) JAMB 1994