Neco Commerce Past Questions and Answers

Question 296:

• NECO 2007

Which of the following is NOT true of a cheque as a means of payment? It ____________

A. Can be made out of a definite payee
B. Is generally acceptable
C. Is safer than carrying cash
D. Is transferable
E. Serves as a proof of payment

Question 297:

• NECO 2007

From the date of issue, cheques are valid for ____________ months.

A. 3
B. 4
C. 5
D. 6
E. 9

Question 298:

• NECO 2007

An arrangement in insurance which provides for the payment of a stipulated sum either at death or the expiration of a stated period is known as ____________

A. Accident
B. Endowment
C. Fire
D. Fidelity
E. Whole life

Question 299:

• NECO 2007

“Be a millionaire” a slogan adopted by one of them G.S.M providers is an example of ____________

A. Advertising
B. Credit to customers
C. Customer service
D. Sales promotion
E. Trade discount

Question 300:

• NECO 2007

A marketing term the for the presentation of goods in a neatly wrapped container is ____________

A. Advertising
B. Credit to customers
C. Labelling
D. Merchandising
E. Packaging