JAMB Past Questions and Answers - Page 103

511.

In response to an inquiry from a customer, a wholesaler is expected to send back

A.

a consignment note

B.

an order

C.

a qoutation

D.

an advice note

Correct answer is C

A document sent to a potential customer offering to sell goods or services at a certain price, under specified conditions. 

512.

A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a

A.

statement of account

B.

consular invoice

C.

proforma invoice

D.

statement affairs

Correct answer is A

statement of account is a detailed report of the contents of an account. An example is a statement sent to a customer, showing billings to and payments from the customer during a specific time period, resulting in an ending balance. 

513.

The role of customs and excise authority includes the

A.

control of the flow of goods in and out of the country

B.

control of security agents within and out of the borders

C.

provision of dockyards for ship repairs and maintenance

D.

provision of transport system to facilitate imports and exports

Correct answer is A

Functions of customs and excise authorities

  • Collect revenue for the government by charging customs and excise duties.
  • Collect, keep and analyse records of imported and exported goods and services.
  • Control bonded warehouses to ensure that duty is collected on imported dutiable goods before releasing them.

514.

The document submitted to the customs authority when full description of imported goods is not provided is

A.

a bill of sight

B.

an invoice

C.

an indent

D.

a bill of entry

Correct answer is A

Bill of sight refers to a declaration made to customs officer by an importer who is unsure about what is being shipped. The bill of sight allows an importer to inspect the goods before paying duties.

515.

The document issued by a port authority for goods deposited is a

A.

bill of lading

B.

bill of sight

C.

consular invoice

D.

warehouse warrant

Correct answer is C

consular invoice is a document certifying a shipment of goods and shows information such as the consignor, consignee, and value of the shipment.