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Commerce Past Questions and Answers

Neco Commerce Questions

Question 1:

A bill of exchange sold for less than its face value before maturity is said to be ____________

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A Accepted
B Cleared
C Discounted
D Dishonored
E Protested

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Question 2:

A public limited liability company is owned by ____________

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A Board of directors
B Debenture holders
C General public
D Government
E Shareholders

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Question 3:

Bankers settle their mutual indebtedness in a ____________

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A Clearing and forwarding house
B Clearing house
C Development bank
D Discount house
E Stock exchange market

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Question 4:

Which of the following is NOT part of Pre-Sales Service/ice?

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A Assisting the prospective buyer to set up facilities for storage
B Dispatching of quotation and price list
C Granting of credit or hire purchase sales facilities
D Providing detailed information about goods to be purchased
E Provision of transportation and delivery services

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Question 5:

Which of the following is NOT regarded as a welfare service in an organization?

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A Housing
B Medical facilities
C Recreational facilities
D Training
E Transportation

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