Neco Commerce Past Questions and Answers

Question 351:

• NECO 2009

A country’s balance of payments is divided into ____________

A. Current and capital accounts
B. Current and foreign accounts
C. Creditor`s and debtor’s accounts
D. Export and import accounts

Question 352:

• NECO 2009

A factor that hinders the achievement of ECOWAS objectives is ____________

A. The absence of a common market
B. Lack of a common language
C. The difference in political ideology
D. Lack of a common territory

Question 353:

• NECO 2009

Which of the following is the best form of sales promotion?

A. Bill board
B. Bell ringing
C. Publicity
D. Demonstration

Question 354:

• NECO 2009

A legal document representing a promise by a company to pay back a loan over a period of time is referred to as a ____________

A. Warrant
B. Bond
C. Share certificate
D. Title deed

Question 355:

• NECO 2009

A document issued by financial organizations to enable holders to buy goods on credit is called ____________

A. ATM card
B. Coupon
C. Luncheon voucher
D. Credit card