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Tuesday, 28 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 321:
The practice of selling some goods below market price to attract more customers is known as ____________
  • A Hoarding
  • B Loss leader
  • C Market sharing
  • D Profiteering
  • E Speculating
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Question 322:
Shares that are fully paid can be converted into bulks known as ____________
  • A Bonds
  • B Capital reserves
  • C Debentures
  • D Guilt-edged securities
  • E Stocks
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Question 323:
Telecommunication services are provided by ____________
  • A Bureau De Change
  • B Courier Services
  • C Date Post
  • D NIPOST
  • E NITEL
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Question 324:
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
Cost of goods sold is ____________
  • A N180,000.00
  • B N227,000.00
  • C N279,000.00
  • D N290,000.00
  • E N301,000.00
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Question 325:
Which of the following is NOT a function of Commerce?
  • A Assisting Companies in raise capital
  • B Assisting in transporting men and materials to production points
  • C Extracting goods for further production and processing
  • D Storing goods until they are needed
  • E Offering employment opportunities to a large number of people
View Answer & Explanation