Neco Commerce 2009 Past Questions and Answers

Question 41:

• NECO 2009

One of the primary functions of the thrift, credit and loans cooperative society is to ____________

A. Educate its members
B. Disburse money to its members
C. Encourage investment among members
D. Protect members’ valuables

Question 42:

• NECO 2009

One objective of privatization is the ____________

A. Provision of infrastructure
B. Provision of education and health facilities
C. Efficient use of resources
D. Protection and development of communities

Question 43:

• NECO 2009

A non-insurable risk is exemplified by ____________

A. Speculation and loss of profit through competition
B. Gambling and whole-life insurance
C. Bad debts and consequential loss insurance
D. Open cover contract and constructive total loss

Question 44:

• NECO 2009

The contribution of a department towards the attainment of corporate goals is its ____________

A. Span of control
B. Scalar principles
C. Unity of command
D. Unity of objective

Question 45:

• NECO 2009

A mutual compromise between the central bank and other banks on strategies for economic activities is reached through ____________

A. Cash liquidity ratio
B. The reserve ratio
C. Moral suasion
D. Open-market operations