Neco Commerce 2005 Past Questions and Answers

Question 41:

• NECO 2005

The components of a balance of payments account are ____________

A. Capital, current and fixed deposit
B. Capital, savings and fixed deposit
C. Current, capital and monetary movement
D. Current, savings and monetary movement
E. Current, savings and fixed deposit

Question 42:

• NECO 2005

A typical example of an event covered by an Assurance Policy is ____________

A. Accident
B. Burglary
C. Death
D. Fire
E. Theft

Question 43:

• NECO 2005

Which of the following services is NOT rendered by NITEL?

A. Data Transmission
B. Recorded Delivery
C. Satellite
D. Telex
E. Telephone

Question 44:

• NECO 2005

The term “consumer sovereignty” means that the consumer is a ____________

A. Director
B. King
C. Manager
D. Promoter
E. Target

Question 45:

• NECO 2005

The functions of public corporations include the following EXCEPT

A. Maximizing profits for the board members
B. Providing employment opportunities
C. Providing essential services to the public
D. Providing even development
E. Providing the public with social amenities at reduced cost.