NECO SSCE - Commerce - 2001

The word ‘Commerce’ means

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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 NOT an advantage of combinations (monopolies)?

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

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Which is NOT a public corporation?

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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 the disadvantage of foreign trade?

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

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

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Which of NOT a class of preference shares?

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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 is NOT a principle of an insurance contract?

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

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The Articles of Association of a company do NOT contain

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

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What is an aim of a trade association?

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What is NOT an instrument of credit?

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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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National income is

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

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What is NOT the function of an entrepreneur?

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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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What is NOT a source of capital for a business?

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The feature of a supermarket is

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

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The reward of capital as a factor of production is

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What is NOT an advantage of indigenization?

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In which service will a sole trader NOT be found?

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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 function of a retailer?

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What is NOT a right of the consumer?

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Production means

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

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

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The term ‘caveat emptor’ means ‘let the

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What is the OBJECT of a co-operative society?

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A syndicate is an/a

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

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Dealing on the Stock Exchange may be either

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What best explains the principle of subrogation in insurable?

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

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

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What is NOT a supplementary service of banks?

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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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