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Commerce Past Questions

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4216

A document used to ensure correct payment of duty at the importing country is

  • A. documentary credit
  • B. consular invoice
  • C. certificate of origin
  • D. bill of lading
View Answer & Discuss JAMB 2022
4217

A cheque is specially crossed if

  • A. the name of the account holder is written between two parallel lines drawn across it
  • B. it could be paid over the counter
  • C. the name of the bank is written between two parallel lines drawn across it
  • D. only two parallel lines are drawn across it
View Answer & Discuss JAMB 2022
4218

One of the functions of a trade association is to

  • A. pay members salaries
  • B. promote members' welfare
  • C. provide loans to members
  • D. provide employment for members
View Answer & Discuss JAMB 2022
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4219

When a share with a nominal value of #50 is quoted at #70, it is being sold

  • A. cum div
  • B. ex-div
  • C. at a discount
  • D. at a premium
View Answer & Discuss JAMB 2022
4220

Sea vessels that do not operate on regular times and routes are

  • A. tramps
  • B. ocean liners
  • C. container ships
  • D. ferries
View Answer & Discuss (2) JAMB 2022
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