NECO SSCE - Commerce - 2001 (Objective)

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

What is NOT a principle of an insurance contract?

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

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

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

National income is

The word ‘Commerce’ means

Production means

Dealing on the Stock Exchange may be either

The Articles of Association of a company do NOT contain

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

What is NOT a function of a retailer?

What is the OBJECT of a co-operative society?

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

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

What is NOT an advantage of indigenization?

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

The term ‘caveat emptor’ means ‘let the

What is an aim of a trade association?

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

What is NOT an advantage of combinations (monopolies)?

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

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

What is NOT a source of capital for a business?

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 NOT the function of an entrepreneur?

In which service will a sole trader NOT be found?

What best explains the principle of subrogation in insurable?

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

What is the disadvantage of foreign trade?

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

Which is NOT a public corporation?

What is NOT a right of the consumer?

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

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?

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

Which of NOT a class of preference shares?

The reward of capital as a factor of production is

A syndicate is an/a

What is NOT a supplementary service of banks?

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

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

What is NOT an instrument of credit?

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

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

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

The feature of a supermarket is