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Commerce Past Questions and Answers

Neco Commerce Questions

Question 86:

What is the disadvantage of foreign trade?

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A Encourages dumping
B Encourages specialization
C Facilitate transfer of technology
D Makes available products that can not be produced by a country
E Widens the world market

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Question 87:

Which is NOT a public corporation?

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A National Electric Power Authority
B National Examinations Council
C Nigerian Airways
D Nigerian Railway
E Ports Authority

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Question 88:

National income is

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A Excess on balance of payment
B Excess on balance of trade
C Income gotten from international trade
D Money value of goods and services produced in a given period
E Revenue available to the government

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Question 89:

Production means ____________

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A Changing the form of a good at any stage from the raw material to the finished products
B Increasing economic welfare of people by producing more goods and services
C Moving goods from one place to another for proper use
D The amount of satisfaction derived from the consumption of goods and services
E The provision of goods and services which are capable of satisfying human wants

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Question 90:

What is NOT a right of the consumer?

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A A healthy environment
B Be heard
C To be informed
D Get value for money spent
E Save money on food and drugs

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