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Tuesday, 28 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 331:
When a cheque has R/D written on it, it means that the cheque
  • A Has been dishonoured
  • B Has been honoured
  • C Has been paid into the drawer's account
  • D Has not been signed
  • E Is wrongly worded
View Answer & Explanation
Question 332:
The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of ____________
  • A Business diversification
  • B Business integration
  • C Consumer protection
  • D Discharge of social responsibility
  • E Indigenization
View Answer & Explanation
Question 333:
Which of the following is an objective of regional economic grouping?
  • A For easy religious interactions
  • B For single political governance
  • C For stable political governance
  • D To encourage free flow of trade among members
  • E To harmonize the culture of member countries
View Answer & Explanation
Question 334:
The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is ____________
  • A Indemnity
  • B Insurable
  • C Proximate cause
  • D Subrogation
  • E Utmost good faith
View Answer & Explanation
Question 335:
Which of the following relies on subvention as the main source of capital?
  • A Cooperative society
  • B Partnership
  • C Public corporation
  • D Public limited company
  • E Sole trader
View Answer & Explanation