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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 216:
A business person who contracts to sell shares in the expectation of a fall in price is a _____________
  • A Bear
  • B Broker
  • C Bull
  • D Jobber
  • E Speculator
View Answer & Explanation
Question 217:
Business transactions are usually based upon agreements known as _____________
  • A Confidence
  • B Contract
  • C Good-will
  • D Proposal
  • E Understanding
View Answer & Explanation
Question 218:
The prospectus of a company must include _____________
  • A Names and addresses of management staff
  • B The certificate of incorporation
  • C The directors remuneration
  • D The value of annual dividend
  • E Types of shares available and their cost
View Answer & Explanation
Question 219:
Who among the following assess goods on arrival at a port?
  • A Agent
  • B Customs
  • C Importer
  • D Shipping company
  • E Ship owner
View Answer & Explanation
Question 220:
The right to retain possession of property of another until certain legitimate demands are satisfied is known as _____________
  • A Agency
  • B Copyright
  • C Guarantee
  • D Lien
  • E Patent
View Answer & Explanation