Neco Commerce Past Questions and Answers

Question 91:

• NECO 2001

The affairs of the co-operative society are in the hands of the ____________

A. Board of directors
B. Board of trustees
C. Executive members
D. Registrar of Co-operatives
E. Shareholders

Question 92:

• NECO 2001

.
C.
ln which business is profit shared amongst the shareholders on the basis of patronage?

A. Co-operative society
B. Joint stock company
C. Partnership
D. Public company
E. Sole proprietorship

Question 93:

• NECO 2001

Which of NOT a class of preference shares?

A. Cumulative
B. Debenture
C. . non-cumulative
D. Participating
E. Redeemable

Question 94:

• NECO 2001

What is NOT an advantage of indigenization?

A. Lt enhances the development of private initiative
B. Lt ensures that important social services are provided at affordable cost
C. Lt ensures that Nigerians control and run the business enter-prize of their country
D. It fosters and accelerates the pace of industrial development
E. There is a saving in foreign exchange

Question 95:

• NECO 2001

Which union is formed by the workers of firms of similar line of business to cater for their interests?

A. Co-operative
B. Employees
C. Firms
D. Trade
E. Welfare