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Monday, 27 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 301:
The authority that transfers to a third party the shard right to vote is called ____________
  • A Bond
  • B Indent
  • C Proxy
  • D Right issue
  • E Warranty
View Answer & Explanation
Question 302:
A Speculator in the stock exchange who buys shares hope that prices will rise is called ____________
  • A Bear
  • B Broker
  • C Bull
  • D Jobber
  • E Shareholder
View Answer & Explanation
Question 303:
The most suitable mode of transport for conveying gas and liquid within Nigeria is ____________
  • A Air
  • B Pipeline
  • C Rail
  • D Road
  • E Water
View Answer & Explanation
Question 304:
Use the following information to answer question

Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
The rate of stock turnover is?
  • A 2.0 times
  • B 30.0 times
  • C 31.0 times
  • D 31.3 times
  • E 32.2 times
View Answer & Explanation
Question 305:
The most suitable mode of transporting very bulky goods from Lagos to Kaduna is the ____________
  • A Aero plane
  • B Caravan
  • C Lorry
  • D Ship
  • E Train
View Answer & Explanation