Neco Commerce Past Questions and Answers

Question 301:

• NECO 2007

The authority that transfers to a third party the shard right to vote is called ____________

A. Bond
B. Indent
C. Proxy
D. Right issue
E. Warranty

Question 302:

• NECO 2007

A Speculator in the stock exchange who buys shares hope that prices will rise is called ____________

A. Bear
B. Broker
C. Bull
D. Jobber
E. Shareholder

Question 303:

• NECO 2007

The most suitable mode of transport for conveying gas and liquid within Nigeria is ____________

A. Air
B. Pipeline
C. Rail
D. Road
E. Water

Question 304:

• NECO 2007

Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?

A. 2.0 times
B. 30.0 times
C. 31.0 times
D. 31.3 times
E. 32.2 times

Question 305:

• NECO 2007

The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the ____________

A. Aero plane
B. Caravan
C. Lorry
D. Ship
E. Train