Neco Commerce 2005 Past Questions and Answers

Question 21:

• NECO 2005

The following are functions of marketing EXCEPT

A. Advertising
B. Distribution
C. Insurance
D. Packaging
E. Transportation

Question 22:

• NECO 2005

A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a ____________

A. Bear
B. Broker
C. Bull
D. Jobber
E. Speculator

Question 23:

• NECO 2005

Commerce is often referred to as the life blood of every nation because it ____________

A. Commits financial resources to the nation
B. Contributes to economic development to the nation
C. Creates utilities for human satisfaction
D. Provides auxiliary services to trade
E. Provides all the resources use for production

Question 24:

• NECO 2005

Which of these means of payment originates from a creditor?

A. Bill of exchange
B. Cheque
C. Coins and currencies
D. Promissory note
E. Standing order

Question 25:

• NECO 2005

One of the easiest means of transporting petroleum product is by ____________

A. Air
B. Pipeline
C. Rail
D. Road
E. Sea