Which of the following is not part of the facilities provided by the Nigerian Ports Authority?
A. Dredging B. Warehousing C. Collection of customs duties D. Loading and off-loading of cargoes E. Off-loading of cargoes Correct Answer: Option C – Collection of customs dutiesWhich of following could account for a favourable balance of payment?
A. High capital repayments B. high debt service repayment C. higher imports than exports D. higher expert than imports E. higher public spending Correct Answer: Option D – higher expert than importsEntrepot Trade refers to?
A. importing for domestic consumption B. importing for industrial use C. importing for government concerns D. exporting for factory use E. import for re-port Correct Answer: Option E – import for re-port
Charges paid by a for staying at at a port beyond agreed sailing time is called?
A. profit B. interest C. holding D. carriage cost E. demurrage Correct Answer: Option E – demurrageOne advantage of personal selling is?
A. low cost B. immediate feedback C. the appeal to many people at a time D. self-service E. speedy market coverage Correct Answer: Option B – immediate feedbackProducts
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