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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 201:
All these are instruments of consumer protection EXCEPT
  • A Bill of Exchange Act of 1882
  • B Food and Drug Department of Ministry Health
  • C Sale of Goods Act of 1979
  • D Standard Organization of Nigeria
  • E Trade Description Act of 1968
View Answer & Explanation
Question 202:
A receipt is a/an
  • A Acknowledgement of money received
  • B Credit instrument
  • C List of goods received
  • D List of goods to be supplied
  • E Order for the goods to be purchased
View Answer & Explanation
Question 203:
One way of restricting the quantity of goods which may be imported into a country is by _____________
  • A Balance of payment
  • B Dumping
  • C Quotas
  • D Tariff
  • E Terms of trade
View Answer & Explanation
Question 204:
Department stores are usually located in _____________
  • A Areas free from traffic jam
  • B Areas where low income earners live
  • C City centres
  • D Low rental areas
  • E Suburban town
View Answer & Explanation
Question 205:
A 'duty bill' is used to indicate whether the goods arriving a port are _____________
  • A Being awaited
  • B Clean
  • C Damaged
  • D Delivered
  • E On transit
View Answer & Explanation