Neco Commerce 2001 Past Questions and Answers

Question 6:

• NECO 2001

What is the rate of turnover of Amura Ajita’s business?

A. 5
B. 5.3
C. 5.4
D. 5.7
E. 6

Question 7:

• NECO 2001

What is an aim of a trade association?

A. Protection of members’ interests
B. Watching government legislation which may affect members interests
C. Encouraging the introduction of standard grades and sizes of goods
D. Making arrangements for the settlement of disputes
E. Exchanging information and creating uniformity in methods of dealing

Question 8:

• NECO 2001

In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?

A. Account
B. Contango
C. Making- up
D. Name
E. Ticket

Question 9:

• NECO 2001

ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted

A. Clean
B. Cum-dividend
C. Double barrelled
D. Ex-dividend
E. Firm

Question 10:

• NECO 2001

What is NOT a principle of an insurance contract?

A. Contribution
B. Indemnity
C. Insurable interest
D. Premium
E. Subrogation