Neco Commerce Past Questions and Answers

Question 51:

• NECO 2001

What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?

A. Banker's bank
B. Bank rate
C. Cash /liquidity ratio
D. Funding operations
E. Open market operations

Question 52:

• NECO 2001

Dealing on the Stock Exchange may be either

A. ‘for cash or ‘for hire’
B. ‘for jobber’ or 'for broker’
C. 'for cash' or 'for account
D. ‘for cash’ or‘ for credit’
E. ‘for bull’ or ‘ for bear’

Question 53:

• NECO 2001

Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?

A. Carriage paid (Cge. Pd.)
B. Cost on delivery (C.O.D.)
C. Ex-ship
D. Free on board (F.O.B.)
E. Free on rail (F.O.R.)

Question 54:

• NECO 2001

What is the rate of turnover of Amura Ajita’s business?

A. 5
B. 5.3
C. 5.4
D. 5.7
E. 6

Question 55:

• NECO 2001

What is an aim of a trade association?

A. Protection of members’ interests
B. Watching government legislation which may affect members interests
C. Encouraging the introduction of standard grades and sizes of goods
D. Making arrangements for the settlement of disputes
E. Exchanging information and creating uniformity in methods of dealing