JAMB Past Questions and Answers - Page 368

1,836.

A pro forma invoice is NOT required when

A.

quoting for the supply of goods

B.

goods are sent on approval

C.

dealing regularly with a customer

D.

final prices are uncertain

Correct answer is C

No explanation has been provided for this answer.

1,837.

The difference between the total payments for imports and the receipts from exports within a given period is referred to as

A.

balance of payments

B.

balance of trade

C.

comparative cost advantage

D.

comparative advantage

Correct answer is A

No explanation has been provided for this answer.

1,838.

According to Matthew, the inscription over Jesus when he was crucified was

A.

''This is King of the Jews“

B.

''The King of the Jews“

C.

''Jesus of Nazareth, the King of the Jews''

D.

''This is Jesus the King of the Jews”

Correct answer is D

This is based on Matthew 27:37 in the Revised Standard Version (RSV):

"And over his head they put the charge against him, which read, 'This is Jesus the King of the Jews.'"

 

1,839.

Prophet Amos told Israel to hate evil, love good and establish justice in the gate so that God would

A.

heal their diseases

B.

give them good leaders

C.

be gracious to them

D.

multiply their descendants

Correct answer is C

No explanation has been provided for this answer.

1,840.

The rate at which a country's exports exchange for its imports is called

A.

balance of payments

B.

balance of trade

C.

terms of payment

D.

terms of trade

Correct answer is D

No explanation has been provided for this answer.