JAMB Commerce Past Questions & Answers - Page 237

1,181.

The financial institution established to boost Nigeria's trade with the rest of the world is called

A.

Nigerian Deposit Insurance Corporation

B.

Nigerian Economic Reconstruction Fund

C.

Nigerian Industrial Development Bank

D.

Nigerian Export-Import Bank

Correct answer is D

No explanation has been provided for this answer.

1,182.

Drawing two parallel lines across a cheque means that it has to be paid into the account of the

A.

payee

B.

drawer

C.

drawee

D.

payer

Correct answer is A

No explanation has been provided for this answer.

1,183.

One of the effects of the devaluation of the Naira is that the

A.

goods that can be imported with the naira have become cheaper

B.

value of other currencies relative to the naira have become cheaper

C.

goods that can be exported from Nigeria have become costlier

D.

imports that can be bought with the naira have become costlier

Correct answer is D

No explanation has been provided for this answer.

1,185.

Goods discharged from ships on which import duties have not been paid are kept in the

A.

ordinary warehouse

B.

public warehouse

C.

private warehouse

D.

bonded warehouse

Correct answer is D

No explanation has been provided for this answer.