Neco Commerce Past Questions and Answers

Question 231:

• NECO 2004

The services offered by the following people could be grouped under direct services. EXCEPT

A. Doctors
B. Entertainers
C. Lawyers
D. Policemen
E. Teachers

Question 232:

• NECO 2004

Which of the following is NOT part of the documents to be submitted for the registration of companies?

A. A statement of nominal capital
B. A statutory declaration signed by a solicitor
C. Articles of Association
D. Memorandum of Association
E. The balance sheet of the company

Question 233:

• NECO 2004

The major divisions of commerce are _____________

A. Buying and selling
B. Export and import
C. Foreign and home
D. Trade and aids to trade
E. Wholesale and retail

Question 234:

• NECO 2004

The organisation of petroleum exporting countries (OPEC) is an example of a/n _____________

A. Amalgamation
B. Cartel
C. Consortium
D. Holding company
E. Merger

Question 235:

• NECO 2004

The excess value of all the assets of a business over the value of its liabilities is called _____________

A. Capital employed
B. Capital owned
C. Circulating capital
D. Loan capital
E. Share capital