JAMB and WAEC Commerce questions: Warehousing

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

1. Question 1· Warehousing· JAMB

   Warehousing helps to stabilise prices by

   • Aselling only on credit
   • Bincreasing import duties
   • Creleasing goods when supply is short
   • Dadvertising goods

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2. Question 2· Warehousing· JAMB

   Import duty on goods in a bonded warehouse may be paid

   • Abefore the goods are imported
   • Bin advance on all the goods
   • Cnever
   • Din instalments as the goods are withdrawn

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3. Question 3· Warehousing· JAMB

   Proper warehousing reduces losses from

   • Adeterioration, theft and fire
   • Badvertising
   • Ctaxation
   • Dcompetition

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4. Question 4· Warehousing· JAMB

   A warehouse warrant is

   • Aa tax receipt
   • Ba document of title to goods stored
   • Ca cheque
   • Dan insurance policy

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5. Question 5· Warehousing· JAMB

   A public warehouse is

   • Aavailable for use by any member of the public for a fee
   • Bowned by one manufacturer only
   • Ca shop
   • Da bank

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6. Question 6· Warehousing· WAEC

   A warehouse keeper's warrant is

   • Aa document of title to goods in a warehouse
   • Ba delivery van
   • Ca bank loan
   • Dan insurance claim

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7. Question 7· Warehousing· JAMB

   A warehouse owned by government or a company and rented out to traders is

   • Aa bonded warehouse
   • Ba private warehouse
   • Ca public warehouse
   • Da manufacturer's warehouse

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8. Question 8· Warehousing· WAEC

   A bonded warehouse is owned or controlled by

   • Aschools
   • Bconsumers
   • Cfarmers only
   • Dcustoms authorities or licensed operators

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9. Question 9· Warehousing· JAMB

   Manufacturers keep their own warehouses mainly to

   • Asell directly to tourists
   • Bstore raw materials and finished goods
   • Cadvertise
   • Dinsure

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10. Question 10· Warehousing· WAEC

    A warehouse owned by a manufacturer for its own goods is

    • Aa cold room
    • Ba public warehouse
    • Ca bonded warehouse
    • Da private warehouse

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11. Question 11· Warehousing· WAEC

    Goods in a bonded warehouse may be

    • Asold without any permit
    • Bre-exported without paying import duty
    • Cconsumed duty-free locally
    • Ddestroyed freely

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12. Question 12· Warehousing· WAEC

    A warehouse owned by a manufacturer for storing its own goods is a

    • Acustoms warehouse
    • Bbonded warehouse
    • Cpublic warehouse
    • Dprivate warehouse

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13. Question 13· Warehousing· JAMB

    A warehouse is best located

    • Afar from any road
    • Bin a remote forest
    • Cnear transport routes, markets or production centres
    • Don a floodplain

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14. Question 14· Warehousing· JAMB

    A bonded warehouse is used to store

    • Agoods owned by government only
    • Bgoods for local retailers
    • Cperishable farm produce
    • Dimported goods on which duty has not been paid

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15. Question 15· Warehousing· WAEC

    A warehouse near a seaport mainly serves to

    • Agrow crops
    • Bstore imported goods before distribution
    • Ctrain staff
    • Dprint documents

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16. Question 16· Warehousing· WAEC

    A cold room is a warehouse for

    • Acement
    • Bfurniture
    • Cperishable goods
    • Dbooks

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17. Question 17· Warehousing· WAEC

    A document that shows ownership of goods in a warehouse and can be transferred is a

    • Awarehouse warrant
    • Bdelivery note
    • Cinvoice
    • Dbill of exchange

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18. Question 18· Warehousing· JAMB

    Which of these is a function of warehousing?

    • AIt makes seasonal goods available all year round
    • BIt moves goods from place to place
    • CIt insures goods against fire
    • DIt advertises goods

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19. Question 19· Warehousing· WAEC

    Cold rooms are especially important for storing

    • Acement
    • Bperishable goods such as fish and meat
    • Ciron rods
    • Dtextbooks

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20. Question 20· Warehousing· WAEC

    A bonded warehouse stores

    • Agoods for local use only
    • Bimported goods on which duty has not yet been paid
    • Cfarm produce only
    • Dmoney

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