NECO Commerce Past Questions, Answers & Explanations - Commerce

Neco Commerce Questions

Question 56:

NECO 2001

In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?

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A Account
B Contango
C Making- up
D Name
E Ticket

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Question 57:

NECO 2001

ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted

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A Clean
B Cum-dividend
C Double barrelled
D Ex-dividend
E Firm

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Question 58:

NECO 2001

What is NOT a principle of an insurance contract?

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A Contribution
B Indemnity
C Insurable interest
D Premium
E Subrogation

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Question 59:

NECO 2001

What is NOT a characteristic of a Private Limited Liability Company?

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A A shareholder is not free to transfer his shares to someone without the permission of others
B Its shares cannot be offered to the public through the stock market
C The liability of shareholders is not limited to the amount of shams taken up
D The minimum and maximum number of shareholders is seven and infinity respectively
E The minimum and maximum number of shareholders is two and fifty respectively

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Question 60:

NECO 2001

What is the OBJECT of a co-operative society?

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A Diversify the members’ produce tor international purpose
B Gain freedom in marketing the members’ produce
C Indulge in large scale production and earn huge profits
D Popularize government policies among the members
E Provide an agency for meeting the economic needs of members

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