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Tuesday, 28 April 2026
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Commerce Past Questions and Answers

Neco Commerce Questions

Question 366:
The effective dissemination of information about products is a social responsibility of a company to its ____________
  • A Shareholders
  • B Management
  • C Consumers
  • D Employees
View Answer & Explanation
Question 367:
The trade that takes place when imported goods are re-exported is known as ____________
  • A Entrepot trade
  • B Import trade
  • C Export trade
  • D Visible trade
View Answer & Explanation
Question 368:
Commerce aids the development of any economy as it ____________
  • A Provides for proper accountability
  • B Improves the living standard
  • C Enhances the even distribution of wealth
  • D Encourages the reduction of inflation
View Answer & Explanation
Question 369:
The inflationary conditions of a country and her interest rate constitute her
  • A Social variables
  • B Economic variables
  • C Political variables
  • D Transformational variables
View Answer & Explanation
Question 370:
In the Sale of Goods Act, goods which have been identified and agreed upon at the time of contract are called ____________
  • A Existing goods
  • B Fixture goods
  • C Unascertained goods
  • D Specific
View Answer & Explanation