Neco Commerce Past Questions and Answers

Question 356:

• NECO 2009

Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?

A. Kemi cannot sue Kola
B. Kemi can sue Kola
C. Kola can deny the promise
D. Kola can offer something else

Question 357:

• NECO 2009

One of the functions of the stock exchange is to ____________

A. Assist individuals in their policies
B. Provide collateral for investors
C. Provide insurance cover against risk
D. Disseminate information to investors

Question 358:

• NECO 2009

The type of advertising that influences consumer's choice of products is ____________

A. Competitive
B. Persuasive
C. Specific
D. Informative

Question 359:

• NECO 2009

The benefits that students derive from tourism are ____________

A. Education and revenue
B. Recreation and education
C. Purchase of artifacts and sightseeing
D. Sale of artefacts and relaxation

Question 360:

• NECO 2009

The transfer of risks from an insurer to another insurer for premium is referred to as ____________

A. Assurance
B. Insurance
C. Subrogation
D. Reinsurance