Neco Commerce 2003 Past Questions and Answers

Question 26:

• NECO 2003

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

A. Commercialization
B. Consumerism
C. Indigenization
D. Nationalization
E. Privatization

Question 27:

• NECO 2003

The coming together of two or more companies to form one big viable company is known as ____________

A. Association
B. Cartel
C. Joining
D. Merging
E. Trust

Question 28:

• NECO 2003

Commerce refers to ____________

A. Buying and selling of goods at home
B. Buying and selling of goods and services at home
C. Importation and exportation of goods
D. Importation and exportation of goods and services
E. Trade and all of services which assist trade

Question 29:

• NECO 2003

Which of the following does not relate to foreign trade?

A. Certificate of origin
B. Chartered party
C. Dumping
D. Export duties
E. Export license

Question 30:

• NECO 2003

A document which can be used for both internal and external trade is ____________

A. Bill of exchange
B. GIRO
C. I.O.U
D. Portal orders
E. Promising note.