JAMB Commerce Past Questions & Answers - Page 74

366.

Which of the following advertising medium appeals to only the literate in the society

A.

radio advertising

B.

print media advertising

C.

television advertising

D.

cinema advertising

Correct answer is B

Print media advertising is a form of advertising that uses physically printed media, such as magazines and newspapers, to reach consumers, business customers and prospects. This can only be effective to people who can read and write

367.

A country's terms of trade are said to improve when the ratio of her export

A.

decreases

B.

remains constant

C.

increases

D.

equals import

Correct answer is C

Terms of trade (TOT) represent the ratio between a country's export prices and its import prices.. It improves When the exports are higher than the imports. 

368.

The document which must be endorsed by the ambassador of a country of destination before shipment of goods is a

A.

consular invoice

B.

certificate of origin

C.

bill of lading

D.

close indent

Correct answer is B

Certificate of Origin (CO) is an important international trade document that certifies that goods in a particular export shipment are wholly obtained, produced, manufactured or processed in a particular country.

369.

The document lodged with the customs authorities before a ship can leave the port is a

A.

shipping note

B.

ship report

C.

ship manifest

D.

dock warrant

Correct answer is C

A ship manifest, customs manifest or cargo document is a document listing the cargo, passengers, and crew of a ship, aircraft, or vehicle, for the use of customs and other officials.

370.

The role of customs and exercise authority includes the

A.

provision of a good transport system to facilitate imports and exports

B.

provision of security at the port

C.

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

D.

provision of dockyards for ship repairs

Correct answer is C

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.