Neco Commerce Past Questions and Answers

Question 331:

• NECO 2007

When a cheque has R/D written on it, it means that the cheque

A. Has been dishonoured
B. Has been honoured
C. Has been paid into the drawer's account
D. Has not been signed
E. Is wrongly worded

Question 332:

• NECO 2007

The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of ____________

A. Business diversification
B. Business integration
C. Consumer protection
D. Discharge of social responsibility
E. Indigenization

Question 333:

• NECO 2007

Which of the following is an objective of regional economic grouping?

A. For easy religious interactions
B. For single political governance
C. For stable political governance
D. To encourage free flow of trade among members
E. To harmonize the culture of member countries

Question 334:

• NECO 2007

The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is ____________

A. Indemnity
B. Insurable
C. Proximate cause
D. Subrogation
E. Utmost good faith

Question 335:

• NECO 2007

Which of the following relies on subvention as the main source of capital?

A. Cooperative society
B. Partnership
C. Public corporation
D. Public limited company
E. Sole trader