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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 221:
The value of money is measured by the _____________
  • A Amount of goods and services a unit of it can purchase
  • B Amount of its unit people can hold
  • C . ease at which people can spend a unit of it
  • D Quantity of it in circulation
  • E Rate of national development
View Answer & Explanation
Question 222:
An industry whose major actors consists of those engaged in sourcing raw materials from the earth surface is known as _____________ industry.
  • A Commercial
  • B Construction
  • C Extractive
  • D Manufacturing
  • E Mining
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Question 223:
Credit in business transaction is a _____________
  • A Compliment to a good customer
  • B Form of loan
  • C Means of saving money
  • D Prepayment by customers
  • E Rebate for large purchases
View Answer & Explanation
Question 224:
In international trade, _____________ is used to show the exact country where the goods are imported.
  • A Bill of lading
  • B Certificate of origin
  • C Consular invoice
  • D Dock receipt
  • E Shipping note
View Answer & Explanation
Question 225:
The creative management function which promotes trade and employment by assessing consumer needs and initiating research and development to meet them is known as _____________
  • A Advertising
  • B Distributing
  • C Marketing
  • D Planning
  • E Trading
View Answer & Explanation