A permit that allows an importer to bring a certain quantity of foreign goods into a country is_________

Step 1: Analyze the question The question asks for the name of a permit (an official document) that lets an importer bring in a certain quantity of foreign goods. The key word is "permit".

Step 2: Explain the concepts

• Import monopoly: A situation where only one firm or agency (often the government) is allowed to import a particular good. It is not a permit.
• Import licence: An official document issued by the government that authorises a specific importer to bring in a stated quantity or value of goods. This is the permit itself.
• Import quota: A limit on the total quantity of a good that can be imported into a country in a given period. It is a restriction on the whole market, not a document given to an individual importer.
• Embargo: A total ban on trade, either with a particular country or on a particular good. Nothing is allowed in, so no permit exists.

Step 3: Work through the options

• The question describes a permit given to an importer. That points to a licence.
• A quota sets the overall limit, and licences are often the tool used to share that quota among importers. The thing the importer holds, though, is the licence.
• An embargo prohibits imports entirely, so it cannot be a permit.
• An import monopoly concerns who may import, not a permit for a quantity.

Step 4: Answer The correct option is B. Import licence.

Step 5: Exam tip Remember the difference like this:

• Quota = the quantity limit (the rule for the whole country).
• Licence = the permission slip (what the importer holds).
• Embargo = the total ban.

When a JAMB question uses words like "permit", "authorisation" or "document", think licence. When it says "limit" or "maximum quantity", think quota.