Neco Commerce 2002 Past Questions and Answers

Question 46:

• NECO 2002

A bank overdraft can only be granted to the holder of a ____________

A. Current account
B. Deposit account
C. Fixed deposit
D. Savings account
E. Time deposit

Question 47:

• NECO 2002

A bank overdraft can only be granted to the holder of a ____________

A. Current account
B. Deposit account
C. Fixed deposit
D. Savings account
E. Time deposit

Question 48:

• NECO 2002

Abubakar wants to sell his shares on the Kano Stock Exchange. Which service would he employ?

A. Auctioneer
B. Chamber of commerce
C. Del-credere agent
D. Insurance agent
E. Stock broker

Question 49:

• NECO 2002

The factor of production which involves both the mental and physical effort of man is called ____________

A. Capital
B. Entrepreneur
C. Labour
D. Land
E. Work

Question 50:

• NECO 2002

The reputation and good image benefits arising from the business connections of a firm are called ____________

A. Commission
B. Dividend
C. Goodwill
D. Interest
E. Profit