Neco Commerce Past Questions and Answers

Question 121:

• NECO 2002

A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his

A. Authorized capital
B. Called-up capital
C. Capital employed
D. Fixed capital
E. Working capital

Question 122:

• NECO 2002

ln the selection of means of transport, speed is an important consideration for goods that are ____________

A. Bulky
B. Durable
C. Fragile
D. Inferior
E. Perishable

Question 123:

• NECO 2002

What is the main aim and objective of ECOWAS?

A. Increasing the tax rate among member countries
B. Operating banking services among members
C. Promoting cooperation and development in all fields of economic activities
D. Providing employment opportunity to a few countries
E. Providing essential services among members

Question 124:

• NECO 2002

The best definition of Communication in Commerce is ____________

A. Distribution of information
B. Movement of files
C. Movement of goods and passengers
D. Storing information
E. Transmission of information

Question 125:

• NECO 2002

What is NOT a function of marketing?

A. Changing the nature of the marketable goods
B. Enlargement of the market
C. Export promotion
D. Provision of employment
E. Segmenting the market