Neco Commerce Past Questions and Answers

Question 31:

• NECO 2000

Which of the following warehouse is generally found near a port?

A. Bonded warehouse
B. Distributor's warehouse
C. Manufacturer’s warehouse
D. Producer’s warehouse
E. Wholesaler’s warehouse

Question 32:

• NECO 2000

Banks issue cheque books to customers holding ____________ accounts.

A. Current
B. Deposit
C. Fixed deposit
D. Foreign
E. Savings

Question 33:

• NECO 2000

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

A. Brokerage
B. Commission
C. Contango
D. Interest
E. Jobbers turn

Question 34:

• NECO 2000

Prospectus in relation to a public limited inability company means ____________

A. A document for allocation of shares to the public
B. A document stating the types or shares
C. A document where the names of shareholders are written
D. An invitation to the public to buy shares
E. An invitation to the public to collect dividends

Question 35:

• NECO 2000

The relationship between a country’s visible imports and exports in a trading year is known as ____________

A. Balance of payment
B. Balance of trade
C. Counter trade
D. International trade
E. Terms of trade