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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 196:
NECO 2003
A cheque is not a legal tender because it is ____________
SchoolNGR Classroom
  • A Not mandatory to a creditor to accept it
  • B Not negotiable
  • C Transferable
  • D Only a representation of money
  • E Should be paid into a bank account
View Answer & Explanation
Question 197:
NECO 2004
The last link in the chain of distribution is the _____________
SchoolNGR Classroom
  • A Consumer
  • B Manufacturer
  • C Producer
  • D Retailer
  • E Wholesaler
View Answer & Explanation
Question 198:
NECO 2004
All are aids to Trade EXCEPT
SchoolNGR Classroom
  • A Advertising
  • B Banking
  • C Retailing
  • D Transportation
  • E Warehousing
View Answer & Explanation
Question 199:
NECO 2004
Profit in partnership is shared according to _____________
SchoolNGR Classroom
  • A Agreement in the deed
  • B Amount contributed by each partner
  • C Number of hours put in by each partner
  • D Seniority of partner
  • E Types of partners
View Answer & Explanation
Question 200:
NECO 2004
At an auction sale, an auctioneer acts as a/an _____________
SchoolNGR Classroom
  • A Agent
  • B Attorney
  • C Broker
  • D Principal
  • E Representative
View Answer & Explanation

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