Commerce Neco Past Questions and Answers

Question 16 :

• NECO 2000

Crude oil is best transported within the country through ____________

A. A container
B. A trawler
C. A tanker
D. Pipeline
E. Rail

Question 17 :

• NECO 2000

Which of the following means of transport is most flexible?

A. Air
B. Rail
C. Road
D. Sea
E. Waterways

Question 18 :

• NECO 2000

Which of the is used in calculating working capital?

A. Factory premises
B. Furniture and fittings
C. Machinery
D. Office equipment
E. Stock of raw material

Question 19 :

• NECO 2000

A holding company is one which holds shares in another company up to ____________

A. 20%
B. 25%
C. 33%
D. 41%
E. 51%

Question 20 :

• NECO 2000

An agreement that is enforceable in law is called ____________

A. A contract
B. A declaration
C. A decree
D. An offer
E. A statute