JAMB CBT App
Study offline with EduNgr JAMB CBT app that has so many features, including thousands of past questions, JAMB syllabus, novels, etc.
Install App
1
A price quotation which includes all the expenses involved in loading the goods into a ship is
A Free on Board (FOB)
B Free Alongside Ship (FAS)
C Cost, Insurance, Freight (C.I.F)
D ex-ship
↪ Answer
Correct Option: A
We're working to add a detailed solution for this question
2
Shares, bonds, stocks and debentures traded on the stock exchange are collectively called
A collaterals
B commodities
C resources
D securities
↪ Answer
Correct Option: D
We're working to add a detailed solution for this question
3
In a hire purchase contract, the customer becomes the legal owner of the goods by
A paying the last installment
B paying the first installment
C taking possession of the goods
D paying half the purchase price
↪ Answer
Correct Option: A
We're working to add a detailed solution for this question
4
Which of the following is engaged in commercial occupation?
A a brick layer
B an engineer
C an insurance broker
D a barber
↪ Answer
Correct Option: C
We're working to add a detailed solution for this question
5
"Net 3 months" on an invoice means the buyer will
A pay interest after 3 months
B gets discount if he pays within 3 months
C pay full invoice amount after 3 months
D have discount if he pays after 3 months
↪ Answer
Correct Option: B
We're working to add a detailed solution for this question
6
The ratio between a country's exports and her imports prices is the
A balance of trade
B balance of payments
C terms of trade
D exchange rate
↪ Answer
Correct Option: C
We're working to add a detailed solution for this question
7
The charge paid to a ship owner for the unused part of a ship is known as
A penalty
B dock dues
C dead freight
D demurrage
↪ Answer
Correct Option: C
We're working to add a detailed solution for this question
8
Fidelity guarantee insurance will only cover
A cashier's fraud
B daylight robbery
C loss of profit
D unpaid loan
↪ Answer
Correct Option: A
We're working to add a detailed solution for this question
9
In the absence of the bill of lading, which of the following is used o clear the goods
A Bill of sight
B Dock warrant
C Certificate of Origin
D Mate's receipt
↪ Answer
Correct Option: C
We're working to add a detailed solution for this question
10
A system of sales where goods are sold to the highest bidder is known as
A credit sale
B hire purchase
C clearance sale
D auction sale
↪ Answer
Correct Option: D
We're working to add a detailed solution for this question
JAMB CBT APP
EduNgr JAMB CBT app that has thousands of past questions and answers, JAMB syllabus, novels, etc. And works offline!
Install App