Neco Commerce Past Questions and Answers

Question 186:

• NECO 2003

For a contract to be valid, there must be ____________

A. Drawee and drawer
B. Insured and insurer
C. Lessor and lessee
D. Offer and acceptance
E. Principal and agent

Question 187:

• NECO 2003

Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?

A. Bus
B. Pipeline
C. Ship
D. Tanker
E. Trailer

Question 188:

• NECO 2003

The national headquarters of Niger Basin Commission is at ____________

A. Lagos
B. Niamey
C. N’djamena
D. Yamasucro
E. Yaounde

Question 189:

• NECO 2003

Who among the following engages in manufacturing occupation?

A. Bricklayer
B. Carpenter
C. Miner
D. Musician
E. Spinner

Question 190:

• NECO 2003

The amount which a company is empowered to raise for a business is its ____________

A. Called-up-capital
B. Nominal capital
C. Paid-up capital
D. Issued capital
E. Working capital