JAMB Past Questions and Answers - Page 224

1,116.

International trade takes place as a result of?

A.

uniformity in costs of production

B.

inequitable distribution of natural resources

C.

parity in the level of industrialization

D.

similarities in climate conditions

Correct answer is B

No explanation has been provided for this answer.

1,117.

The pronouncement of God on Josiah for being penitent was that

A.

God would support him to repair the Temple

B.

Josiah would conquer all his enemies

C.

God would gather him to his grave in peace

D.

Josiah would have a peaceful reign

Correct answer is C

No explanation has been provided for this answer.

1,118.

Organizing trade fairs in Nigeria is the responsibility of?

A.

National Directorate of Employment

B.

Federal Ministry of Commerce

C.

trade association

D.

chambers of commerce

Correct answer is B

No explanation has been provided for this answer.

1,119.

An order sent by an importer to an overseas supplier stating the details of goods required is known as?

A.

export invoice

B.

ship's manifest

C.

an indent

D.

bill of lading

Correct answer is C

No explanation has been provided for this answer.

1,120.

The term 4 net 7 on an invoice means that?

A.

4% surcharge will be made unless payment iss made within seven days

B.

4% discount will be allowed on the price charged only if the goods are bought within seven days

C.

4% discount will be allowed on the price charged only if payment is made after seven days

D.

4% discount will be allowed on the price charge if payment is made within seven days

Correct answer is D

No explanation has been provided for this answer.