Commerce 2005 Neco Past Questions and Answers

Question 1 :

• NECO 2005

Which of the following groupings is a means of payments through the post office

A. Bank draft, Certified cheque, Money order and Stamps
B. Cheque, Postal order, Money order and Bank draft
C. Money order, Certified cheques, Telegraphic Money order and Stamps
D. Postal order, Money order, Telegraphic Money order and Stamps
E. Telegraphic Money order, Cheques, Bank draft and Certified cheques

Question 2 :

• NECO 2005

Which type of advertisement induces consumer to purchase the goods he does not need?

A. Competitive
B. Descriptive
C. Informative
D. Persuasive
E. Specific

Question 3 :

• NECO 2005

The document which gives complete information about the goods sold is the ____________

A. Bill of exchange
B. Delivery note
C. Invoice
D. Order form
E. Quotation

Question 4 :

• NECO 2005

A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a ____________

A. Broker
B. Commissioned agent
C. Del-credere agent
D. Factor
E. Speculator

Question 5 :

• NECO 2005

The Nigeria Enterprises promotion Decree brought about policy

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