Neco Commerce Past Questions and Answers

Question 271:

• NECO 2005

Which of the following is NOT a component of trade?

A. Auction
B. Bilateral
C. Multi-lateral
D. Retail
E. Wholesale

Question 272:

• NECO 2005

Which of the following does NOT belong to the group?

A. Banking
B. Insurance
C. Retailing
D. Transport
E. Warehousing

Question 273:

• NECO 2005

A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a ____________

A. Boat
B. Ferry
C. Liner
D. Tanker
E. Tramp

Question 274:

• NECO 2005

A public limited company is regarded as a legal entity because ____________

A. It can sue and be sued
B. It cannot be liquidated
C. It has a memorandum of association
D. The death of the largest shareholder cannot bring it to an end
E. The government grants it licence

Question 275:

• NECO 2005

Who among the following engages in extractive activities?

A. Flour miller
B. Fisherman
C. Porter
D. Singer
E. Surgeon