Neco Commerce 2003 Past Questions and Answers

Question 21:

• NECO 2003

The second tier security market is an example of ____________

A. Capital market
B. Commodity market
C. Factor market
D. Labour market
E. Money market

Question 22:

• NECO 2003

All the following are members of small-scale retailing EXCEPT

A. Chain stores
B. Itinerant trade
C. Kiosks
D. Mobile shops
E. Stall holders

Question 23:

• NECO 2003

A discount that is given to middlemen in order to make good profit is called ____________ discount.

A. Cash
B. Fixed
C. Quant
D. Seasonal
E. Trade

Question 24:

• NECO 2003

Any member of the public who wants to buy shares in the stock market will first of all meet a/an ____________

A. Agent
B. Broker
C. Jobber
D. Seller
E. Share holder

Question 25:

• NECO 2003

Sea transport is unsuitable for the movement of ____________

A. Antiquities
B. Coal
C. Fertilizer
D. Planks
E. Vegetables