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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 206:
The insurance policy that specifically covers damage to structure or machinery of a ship is known as _____________ insurance.
  • A Cargo
  • B Hull
  • C Marine
  • D Ship owners
  • E Time
View Answer & Explanation
Question 207:
The drawer of a cheque is usually the _____________
  • A Banker
  • B Creditor
  • C Debtor
  • D Payee
  • E Presenter
View Answer & Explanation
Question 208:
Equity of a company is another name for _____________ shares.
  • A Cumulative preference
  • B Founders
  • C Ordinary
  • D Preference
  • E Redeemable preference
View Answer & Explanation
Question 209:
Short-term loan to expand a business is provided by _____________
  • A Building societies
  • B Central bank
  • C Commercial banks
  • D Cooperative societies
  • E Mortgage banks
View Answer & Explanation
Question 210:
When manufacturers sell directly to consumers they have eliminated
  • A Advertising agents
  • B Brokers
  • C Middleman
  • D Retailers only
  • E Wholesalers
View Answer & Explanation