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Commerce Past Questions and Answers

Neco Commerce Questions

Question 271:

Which of the following is NOT a component of trade?

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A Auction
B Bilateral
C Multi-lateral
D Retail
E Wholesale

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Question 272:

Which of the following does NOT belong to the group?

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A Banking
B Insurance
C Retailing
D Transport
E Warehousing

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Question 273:

A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a ____________

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A Boat
B Ferry
C Liner
D Tanker
E Tramp

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Question 274:

A public limited company is regarded as a legal entity because ____________

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A It can sue and be sued
B It cannot be liquidated
C It has a memorandum of association
D The death of the largest shareholder cannot bring it to an end
E The government grants it licence

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Question 275:

Who among the following engages in extractive activities?

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A Flour miller
B Fisherman
C Porter
D Singer
E Surgeon

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