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Friday, 06 March 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 31:
Which of the following warehouse is generally found near a port?
  • A Bonded warehouse
  • B Distributor's warehouse
  • C Manufacturer’s warehouse
  • D Producer’s warehouse
  • E Wholesaler’s warehouse
View Answer & Explanation
Question 32:
Banks issue cheque books to customers holding ____________ accounts.
  • A Current
  • B Deposit
  • C Fixed deposit
  • D Foreign
  • E Savings
View Answer & Explanation
Question 33:
The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as
  • A Brokerage
  • B Commission
  • C Contango
  • D Interest
  • E Jobbers turn
View Answer & Explanation
Question 34:
Prospectus in relation to a public limited inability company means ____________
  • A A document for allocation of shares to the public
  • B A document stating the types or shares
  • C A document where the names of shareholders are written
  • D An invitation to the public to buy shares
  • E An invitation to the public to collect dividends
View Answer & Explanation
Question 35:
The relationship between a country’s visible imports and exports in a trading year is known as ____________
  • A Balance of payment
  • B Balance of trade
  • C Counter trade
  • D International trade
  • E Terms of trade
View Answer & Explanation