Neco Commerce Past Questions and Answers

Question 1:

• NECO 2000

A bill of exchange sold for less than its face value before maturity is said to be ____________

A. Accepted
B. Cleared
C. Discounted
D. Dishonored
E. Protested

Question 2:

• NECO 2000

A public limited liability company is owned by ____________

A. Board of directors
B. Debenture holders
C. General public
D. Government
E. Shareholders

Question 3:

• NECO 2000

Bankers settle their mutual indebtedness in a ____________

A. Clearing and forwarding house
B. Clearing house
C. Development bank
D. Discount house
E. Stock exchange market

Question 4:

• NECO 2000

Which of the following is NOT part of Pre-Sales Service/ice?

A. Assisting the prospective buyer to set up facilities for storage
B. Dispatching of quotation and price list
C. Granting of credit or hire purchase sales facilities
D. Providing detailed information about goods to be purchased
E. Provision of transportation and delivery services

Question 5:

• NECO 2000

Which of the following is NOT regarded as a welfare service in an organization?

A. Housing
B. Medical facilities
C. Recreational facilities
D. Training
E. Transportation