Neco Commerce Past Questions and Answers

Question 201:

• NECO 2004

All these are instruments of consumer protection EXCEPT

A. Bill of Exchange Act of 1882
B. Food and Drug Department of Ministry Health
C. Sale of Goods Act of 1979
D. Standard Organization of Nigeria
E. Trade Description Act of 1968

Question 202:

• NECO 2004

A receipt is a/an

A. Acknowledgement of money received
B. Credit instrument
C. List of goods received
D. List of goods to be supplied
E. Order for the goods to be purchased

Question 203:

• NECO 2004

One way of restricting the quantity of goods which may be imported into a country is by _____________

A. Balance of payment
B. Dumping
C. Quotas
D. Tariff
E. Terms of trade

Question 204:

• NECO 2004

Department stores are usually located in _____________

A. Areas free from traffic jam
B. Areas where low income earners live
C. City centres
D. Low rental areas
E. Suburban town

Question 205:

• NECO 2004

A 'duty bill' is used to indicate whether the goods arriving a port are _____________

A. Being awaited
B. Clean
C. Damaged
D. Delivered
E. On transit