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Tuesday, 28 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 346:
Free editorial space or time not paid for by an organization is called ____________
  • A Sales promotion
  • B Publicity
  • C Public relations
  • D Advertisement
View Answer & Explanation
Question 347:
The profit received by a member of a cooperative society is ____________
  • A A rebate
  • B An allowance
  • C A dividend
  • D A share
View Answer & Explanation
Question 348:
The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the ____________
  • A Shareholders
  • B Promoters
  • C Directors
  • D Entrepreneur
View Answer & Explanation
Question 349:
information and communication technology is advantageous to the banking industry because ____________
  • A Overhead cost is reduced
  • B The number of customers increases
  • C Service delivery is fast
  • D Interest rates are raised
View Answer & Explanation
Question 350:
Foreign trade transactions are carrried out through the use of ____________
  • A Commercial papers
  • B Bank drafts drawn by commercial banks on their foreign braches
  • C Irrevocably confirmed letters of credit
  • D Letters of credit authenticated by embassies
View Answer & Explanation