Neco Commerce 2002 Past Questions and Answers

Question 1:

• NECO 2002

The fastest and most accurate means of passing information is ____________

A. Airmail letter
B. Express letter
C. Registered letter
D. Telegram
E. Telephone

Question 2:

• NECO 2002

A business activity that directs the flow of goods and services from the producer to the consumer is called ____________

A. Advertising
B. Communication
C. Insurance
D. Marketing
E. Personal selling

Question 3:

• NECO 2002

Gases are best transported by ____________

A. Air
B. Canals
C. Pipelines
D. Rail
E. Sea

Question 4:

• NECO 2002

Which is the banker of all commercial banks in the country?

A. Central Bank of Nigeria
B. Federal Mortgage Bank of Nigeria
C. Nigerian Bank for Commerce and industry
D. National Bank of Nigeria
E. Nigeria Industrial Development Bank

Question 5:

• NECO 2002

Aids to trade refers to ____________

A. Advertising, insurance, export and import
B. Advertising, transport, banking, insurance and warehousing
C. Banking, insurance and import only
D. Insurance, trade, banking and retailer
E. Trade, export, transport, advertising and import