JAMB Commerce Past Questions & Answers - Page 203

1,011.

A distinction between Comprehensive insurance and Thrid party Insurance is that the latter covers damages

A.

caused by the insured vehicle

B.

to the insured vehicle

C.

cause by the other vehicle

D.

to the driver of insured vehicle

Correct answer is A

No explanation has been provided for this answer.

1,012.

The overriding advantage of home trade over foreign trade is

A.

accessibility of seller to buyer

B.

absence of many documents

C.

ease in language of transaction

D.

ease in form of payment

Correct answer is A

No explanation has been provided for this answer.

1,013.

Which of the following document permit an importer to inspect his goods before the arrival of the bill of lading?

A.

Bill of sight

B.

Import invoice

C.

Consular invoice

D.

Bill of exchange

Correct answer is C

No explanation has been provided for this answer.

1,014.

The document that indicate instant payment of cash for goods whenever the are delivered is

A.

credit note

B.

proforma invoice

C.

debit note

D.

statement of account

Correct answer is D

No explanation has been provided for this answer.

1,015.

The main document sent to an importer of goods by the exporter are?

A.

invoice, consular invoice, certificate of orign, fright note, indent and insurance policy

B.

indent, bill of lading, certificate of orign, invoice and bill of exchange

C.

certificate of orign, bill of exchange, insurance policy, indent and bill of lading

D.

bill of lading, invoice insurance policy, consular invoice, certificate of orign and bill of exchange

Correct answer is D

No explanation has been provided for this answer.