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Monday, 27 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 306:
Adeleke places his vehicle for sale at N150,000,00 Ibrahim had agreed to pay the amount. In this Trans: Adeleke is the ____________
  • A Agent
  • B Auctioneer
  • C Broker
  • D Offeree
  • E Offeror
View Answer & Explanation
Question 307:
The following are methods of quoting prices EXCEPT
  • A A.C.I.F
  • B F.A.S
  • C F.O.B
  • D L.O.C.O
  • E E.O.E
View Answer & Explanation
Question 308:
The amount receivable by shareholders after the declaration of profit is called ____________
  • A Bonus
  • B Commission
  • C Dividend
  • D Interest
  • E Premium
View Answer & Explanation
Question 309:
Which of the following is an invisible item of trade?
  • A Banking Service
  • B Petroleum Product
  • C Processed Rice
  • D Processed Milk
  • E Processed Yam Flour
View Answer & Explanation
Question 310:
Income distribution, nature of natural resources, investment etc. forms part of ____________ business environment.
  • A Cultural
  • B Economic
  • C Political
  • D Social
  • E Technological
View Answer & Explanation