JAMB and WAEC Commerce questions: Foreign trade

40 questions with answers and explanations. Tap an option to check yourself.

All topics Advertising and marketing · 32 Business management and environment · 32 Commerce and its scope · 31 Communication · 33 Computers and ICT in business · 29 Consumer protection · 30 Documents used in trade · 34 Elements of commercial law · 31 Financing a business · 32 Foreign trade · 40 Forms of business organisation · 40 Home trade: retail and wholesale · 40 Insurance · 39 Money and banking · 40 Occupation and production · 33 The stock exchange · 34 Transport · 33 Warehousing · 28

Question 1· Foreign trade· WAEC
A document sent by an importer to an exporter to order goods is
Explanation and discussion
Question 2· Foreign trade· JAMB
Goods imported into a country only to be re-exported to another country are involved in
Explanation and discussion
Question 3· Foreign trade· JAMB
A consular invoice is required to
Explanation and discussion
Question 4· Foreign trade· WAEC
Dumping in international trade means
Explanation and discussion
Question 5· Foreign trade· WAEC
Customs duties in Nigeria are collected by the
Explanation and discussion
Question 6· Foreign trade· WAEC
Goods imported into Lagos from China and later sent on to Chad are an example of
Explanation and discussion
Question 7· Foreign trade· JAMB
The Nigerian Export Promotion Council exists mainly to
Explanation and discussion
Question 8· Foreign trade· WAEC
Goods imported into Lagos and then sent on to Niger Republic are part of
Explanation and discussion
Question 9· Foreign trade· JAMB
An import licence is a document that
Explanation and discussion
Question 10· Foreign trade· JAMB
An open indent leaves the choice of
Explanation and discussion
Question 11· Foreign trade· WAEC
A country has a favourable balance of trade when the value of its
Explanation and discussion
Question 12· Foreign trade· JAMB
A country's balance of payments records
Explanation and discussion
Question 13· Foreign trade· WAEC
Trade between Nigeria and Ghana is an example of
Explanation and discussion
Question 14· Foreign trade· JAMB
The document certified by the consulate of the importing country to confirm the value and origin of goods is the
Explanation and discussion
Question 15· Foreign trade· JAMB
Which of these is an invisible export for Nigeria?
Explanation and discussion
Question 16· Foreign trade· JAMB
Buying goods from other countries for resale in one's own country is
Explanation and discussion
Question 17· Foreign trade· JAMB
A C.I.F. price in foreign trade includes
Explanation and discussion
Question 18· Foreign trade· WAEC
Trade between Nigeria and Ghana is
Explanation and discussion
Question 19· Foreign trade· JAMB
CIF means the price includes
Explanation and discussion
Question 20· Foreign trade· JAMB
The difference between the values of visible exports and visible imports is the
Explanation and discussion

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JAMB and WAEC Commerce questions: Foreign trade

A document sent by an importer to an exporter to order goods is

Goods imported into a country only to be re-exported to another country are involved in

A consular invoice is required to

Dumping in international trade means

Customs duties in Nigeria are collected by the

Goods imported into Lagos from China and later sent on to Chad are an example of

The Nigerian Export Promotion Council exists mainly to

Goods imported into Lagos and then sent on to Niger Republic are part of

An import licence is a document that

An open indent leaves the choice of

A country has a favourable balance of trade when the value of its

A country's balance of payments records

Trade between Nigeria and Ghana is an example of

The document certified by the consulate of the importing country to confirm the value and origin of goods is the

Which of these is an invisible export for Nigeria?

Buying goods from other countries for resale in one's own country is

A C.I.F. price in foreign trade includes

Trade between Nigeria and Ghana is

CIF means the price includes

The difference between the values of visible exports and visible imports is the