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Commerce Past Questions and Answers

Neco Commerce Questions

Question 121:

A businessman started with N100,000 and spent N80,000 in buying premises and equipment. The balance of N20,000 is his

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A Authorized capital
B Called-up capital
C Capital employed
D Fixed capital
E Working capital

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Question 122:

ln the selection of means of transport, speed is an important consideration for goods that are ____________

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A Bulky
B Durable
C Fragile
D Inferior
E Perishable

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Question 123:

What is the main aim and objective of ECOWAS?

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A Increasing the tax rate among member countries
B Operating banking services among members
C Promoting cooperation and development in all fields of economic activities
D Providing employment opportunity to a few countries
E Providing essential services among members

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Question 124:

The best definition of Communication in Commerce is ____________

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A Distribution of information
B Movement of files
C Movement of goods and passengers
D Storing information
E Transmission of information

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Question 125:

What is NOT a function of marketing?

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A Changing the nature of the marketable goods
B Enlargement of the market
C Export promotion
D Provision of employment
E Segmenting the market

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