Neco Commerce Past Questions and Answers

Question 221:

• NECO 2004

The value of money is measured by the _____________

A. Amount of goods and services a unit of it can purchase
B. Amount of its unit people can hold
C. . ease at which people can spend a unit of it
D. Quantity of it in circulation
E. Rate of national development

Question 222:

• NECO 2004

An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as _____________ industry.

A. Commercial
B. Construction
C. Extractive
D. Manufacturing
E. Mining

Question 223:

• NECO 2004

Credit in business transaction is a _____________

A. Compliment to a good customer
B. Form of loan
C. Means of saving money
D. Prepayment by customers
E. Rebate for large purchases

Question 224:

• NECO 2004

In international trade, _____________ is used to show the exact country where the goods are imported.

A. Bill of lading
B. Certificate of origin
C. Consular invoice
D. Dock receipt
E. Shipping note

Question 225:

• NECO 2004

The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as _____________

A. Advertising
B. Distributing
C. Marketing
D. Planning
E. Trading