Neco Commerce Past Questions and Answers

Question 21:

• NECO 2000

One of the following does NOT fit into the group.

A. Agriculture
B. Carpentry
C. Fishing
D. Mining
E. Quarrying

Question 22:

• NECO 2000

Which is NOT a legislation aimed at protecting the consumer?

A. Consumer association act
B. Food and drugs act
C. Hire purchase act
D. Sales of goods act
E. Trade description act

Question 23:

• NECO 2000

Which of the following CANNOT be sold through a vending machine?

A. Ice-cream
B. Shoes
C. Snacks
D. Tea
E. Tickets

Question 24:

• NECO 2000

A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a ____________

A. Chamber of commerce
B. Consumers association
C. Manufacturers association
D. Trade association
E. Trade union

Question 25:

• NECO 2000

The sum which the insured pays periodically to his insurance company is called ____________

A. A brokerage
B. A commission
C. An indemnity
D. A policy
E. A premium