Neco Commerce Past Questions and Answers

Question 316:

• NECO 2007

A financial document stating the reasons for making a payment and details of the payment is ____________

A. Bank draft
B. Cash book
C. Cheque
D. Payslip
E. Voucher

Question 317:

• NECO 2007

Another name for a foreign order is ____________

A. Catalogue
B. Export
C. Import
D. Indent
E. Quotation

Question 318:

• NECO 2007

Public debt management is one of the functions of a ____________ bank

A. Central
B. Commercial
C. Development
D. Industrial
E. Merchant

Question 319:

• NECO 2007

Which of the following regards the consumer as king?

A. Consumer behavior
B. Marketing concept
C. Market mix
D. Pricing policy
E. Product mix

Question 320:

• NECO 2007

Shares, stocks, government bonds trade in the stock exchange marks: are known as ____________

A. Debentures
B. Gut-edged stocks
C. Merchandises
D. Securities
E. Treasure bills