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Friday, 24 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 231:
The services offered by the following people could be grouped under direct services. EXCEPT
  • A Doctors
  • B Entertainers
  • C Lawyers
  • D Policemen
  • E Teachers
View Answer & Explanation
Question 232:
Which of the following is NOT part of the documents to be submitted for the registration of companies?
  • A A statement of nominal capital
  • B A statutory declaration signed by a solicitor
  • C Articles of Association
  • D Memorandum of Association
  • E The balance sheet of the company
View Answer & Explanation
Question 233:
The major divisions of commerce are _____________
  • A Buying and selling
  • B Export and import
  • C Foreign and home
  • D Trade and aids to trade
  • E Wholesale and retail
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Question 234:
The organisation of petroleum exporting countries (OPEC) is an example of a/n _____________
  • A Amalgamation
  • B Cartel
  • C Consortium
  • D Holding company
  • E Merger
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Question 235:
The excess value of all the assets of a business over the value of its liabilities is called _____________
  • A Capital employed
  • B Capital owned
  • C Circulating capital
  • D Loan capital
  • E Share capital
View Answer & Explanation