NECO SSCE - Commerce - 2001

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

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

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

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What is NOT the function of an entrepreneur?

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The feature of a supermarket is

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What is NOT an advantage of combinations (monopolies)?

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In which service will a sole trader NOT be found?

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The term ‘caveat emptor’ means ‘let the

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The reward of capital as a factor of production is

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

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

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What is the OBJECT of a co-operative society?

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The word ‘Commerce’ means

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What is NOT an instrument of credit?

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Dealing on the Stock Exchange may be either

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

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What is NOT a function of a retailer?

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

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

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What is NOT a source of capital for a business?

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

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National income is

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What is NOT a right of the consumer?

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Production means

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A syndicate is an/a

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Which is NOT a public corporation?

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

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What is NOT a supplementary service of banks?

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

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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?

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

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What is the disadvantage of foreign trade?

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What is NOT an advantage of indigenization?

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

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The Articles of Association of a company do NOT contain

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

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

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What best explains the principle of subrogation in insurable?

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

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What is an aim of a trade association?

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What is NOT a principle of an insurance contract?

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

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

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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

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Which of NOT a class of preference shares?

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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?

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

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