Neco Commerce 2003 Past Questions and Answers

Question 6:

• NECO 2003

Which of the following does NOT relate to marine insurance ... policy

A. Endowment
B. Floating
C. Time
D. Valued
E. Voyage

Question 7:

• NECO 2003

Which of the following invites the general public to subscribe for its shares?

A. Co-operative
B. Private liability company
C. Public corporation
D. Public liability company
E. Sole proprietorship

Question 8:

• NECO 2003

One of the barriers to foreign trade is the presence of ____________

A. Difference in goods and services
B. Different means of transportation
C. Many society personnel
D. Tariffs on goods and services
E. Various means of production

Question 9:

• NECO 2003

When a business organization constructs schools and roads for the use of a community. such responsibility is ____________

A. Commercial
B. Economical
C. Industrial
D. Political
E. Social

Question 10:

• NECO 2003

A large rental organization with a number of sections selling different goods in the same building is called a ____________

A. Chain store
B. Departmental store
C. Multiple shop
D. Self service shop
E. Supermarket