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Saturday, 25 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 256:
Which of the following forms part of a company’s Article of Association?
  • A Goodwill and status of shareholders
  • B Name of the company
  • C Nature and object of the business
  • D Registered office
  • E Voting powers and the use of proxy
View Answer & Explanation
Question 257:
Which of the following types of insurance is usually excluded from the principle of indemnity?
  • A Fidelity Guarantee
  • B Fire
  • C Life
  • D Marine
  • E Motor Vehicle
View Answer & Explanation
Question 258:
Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a ____________
  • A Discount
  • B Gain
  • C Loss
  • D Par value
  • E Premium
View Answer & Explanation
Question 259:
The document that spells out the relationship of a company with the outside world is known as ____________
  • A Article of association
  • B Certificate of incorporation
  • C Deed of partnership
  • D Document of registration
  • E Memorandum of association
View Answer & Explanation
Question 260:
The aid to trade which enables producer and consumer to transact business without physical contact is known as ____________
  • A Advertising
  • B Communication
  • C Insurance
  • D Tourism
  • E Transportation
View Answer & Explanation