Commerce Past Questions and Answers

(a) Explain the following terms:
(i) bearer cheque
(ii) open cheque
(iii) order cheque
(iv) crossed cheque.
(b) Explain any six factors which a bank manager would take into consideration in evaluating an application for a loan.

State the functions of: |
(a) NIPOST
(b) NITEL

(a) Distinguish between Nationalization and Indigenisation
(b) State any five advantages of nationalization and two objectives of indigenisation.

(a) What is marketing?
(b) Explain any six reasons why a manufacturer may sell directly to consumers.

(a) What are the functions of the Nigeria Export Promotion Council (NEPC)?
(b) What are the steps an exporter would take to export goods from the receipt of an indent to the shipment of the goods?