NECO SSCE - Commerce - 2001

What is an aim of a trade association?

Which union is formed by the workers of firms of similar line of business to cater for their interests?

The Articles of Association of a company do NOT contain

What is NOT an advantage of combinations (monopolies)?

What is NOT the function of an entrepreneur?

The bringing of ownership and management of a former private industry under the control of the government is called

What is NOT an advantage of indigenization?

What is NOT a function of a retailer?

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C.
ln which business is profit shared amongst the shareholders on the basis of patronage?

What is NOT a characteristic of a Private Limited Liability Company?

What is NOT a supplementary service of banks?

What is NOT a lecture of a co-operative society?

Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?

What is NOT a function of the chambers of commerce? They

The term ‘caveat emptor’ means ‘let the

The affairs of the co-operative society are in the hands of the

ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted

What is NOT a principle of an insurance contract?

The word ‘Commerce’ means

lf the price of a good falls and the demand for that good also fall, then that good is .......

Which is NOT a public corporation?

What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?

A document which makes it obligatory on the part of the seller to supply the goods or services if the inquirer accepts the conditions stated therein is called Alan

In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?

What is the OBJECT of a co-operative society?

What is NOT a suitable reason for the growth in large retail business?

Production means

The reward of capital as a factor of production is

.......... is NOT a principle of insurance

What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?

What is NOT a right of the consumer?

What best explains the principle of subrogation in insurable?

The feature of a supermarket is

Dealing on the Stock Exchange may be either

Under what form of life insurance policy is premium paid over an agreed number of years and the sum assured is paid either at the end of that specified time or when the policy holder dies, whichever comes first?

Which of NOT a class of preference shares?

What is the disadvantage of foreign trade?

What is NOT a source of capital for a business?

A voluntary body formed by members of a particular branch of trade or industry to represent the interests of members is known as

In which service will a sole trader NOT be found?

What is the rate of turnover of Amura Ajita’s business?

What is NOT an instrument of credit?

National income is

What is a statement of account? It is a/an

A syndicate is an/a

What is NOT an advantage of direct distribution of goods to the consumer by the manufacturer?

ln partnership business, the maximum number of persons for its formation is