Neco Commerce 2007 Past Questions and Answers

Question 46:

• NECO 2007

The actual amount of share capital a company is allowed to issue to the public is the ____________ capital

A. Authorized
B. Issued
C. Paid-up
D. Reserved
E. Working

Question 47:

• NECO 2007

The payment made by government to producers to enable them reduce price is known as ____________

A. Bonus
B. Compensation
C. Margin
D. Make-up
E. Subsidy

Question 48:

• NECO 2007

Coal mining is an example of ____________

A. Construction
B. Service
C. Extraction
D. Manufacturing
E. Tertiary