Neco Commerce 2004 Past Questions and Answers

Question 6:

• NECO 2004

A receipt is a/an

A. Acknowledgement of money received
B. Credit instrument
C. List of goods received
D. List of goods to be supplied
E. Order for the goods to be purchased

Question 7:

• NECO 2004

One way of restricting the quantity of goods which may be imported into a country is by _____________

A. Balance of payment
B. Dumping
C. Quotas
D. Tariff
E. Terms of trade

Question 8:

• NECO 2004

Department stores are usually located in _____________

A. Areas free from traffic jam
B. Areas where low income earners live
C. City centres
D. Low rental areas
E. Suburban town

Question 9:

• NECO 2004

A 'duty bill' is used to indicate whether the goods arriving a port are _____________

A. Being awaited
B. Clean
C. Damaged
D. Delivered
E. On transit

Question 10:

• NECO 2004

The insurance policy that specifically covers damage to structure or machinery of a ship is known as _____________ insurance.

A. Cargo
B. Hull
C. Marine
D. Ship owners
E. Time