Commerce Past Questions

Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

49 questions JAMB 1707 WAEC 2221 NECO 383 CUSTOM 2
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Past Questions

49 questions
Question 1 of 9 49 total questions
Question 21
jamb 2013

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

Adecreases
Bremains constant
Cincreases
Dequals import
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Question 22
jamb 2013

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

Aconsular invoice
Bcertificate of origin
Cbill of lading
Dclose indent
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Question 23
jamb 2013

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

Ashipping note
Bship report
Cship manifest
Ddock warrant
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Question 24
jamb 2013

The role of customs and exercise authority includes the

Aprovision of a good transport system to facilitate imports and exports
Bprovision of security at the port
Ccontrol of the flow of goods in and out of the country
Dprovision of dockyards for ship repairs
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Question 25
jamb 2013

Trading position of Nigeria is the same as her

Adesire to trade with many countries
Bwillingness to grant credit to foreigners
Cbalance of trade
Dterms of trade
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Question 26
jamb 2013

A country is said to be experiencing an unfavorable balance of trade if her

Aexports exceed imports
Bvisible exports exceed visible imports
Cimports and exports are equal
Dvisible imports exceed visible exports
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Question 27
jamb 2013

The final link in the chain of distribution is

Amiddlemen
Bwhole saling
Cconsumer
Dretailing
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Question 28
jamb 2013

The assembling of products into usable forms is known as

Acreation
Bmanufacturing
Cconstruction
Dformation
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Question 29
jamb 2013

The type of labour that makes use of physical effort in production processes is the

Aunskilled labour
Bskilled labour
Cblue-collar job
Dwhite-collar job
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