NECO SSCE - Commerce - 2000

The relationship between a country’s visible imports and exports in a trading year is known as

The advertising medium which uses electric current in bulbs is referred to as

A person who runs a business on his own account is called a

A public limited liability company is owned by

A bill of exchange sold for less than its face value before maturity is said to be

Ships that pick up cargo from any port and travels anytime are called

A voluntary association of business executives, trader men, entrepreneurs and others in a city, town or country is called a

An agreement that is enforceable in law is called

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

A contract in which all parties to the contract have carried out their obligation is said to be terminated by

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

Which of the following means of transport is most flexible?

When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called

The first Nigerian enterprises promotion decree was promulgated in

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

What is the cost of goods sold?

Bankers settle their mutual indebtedness in a

Which of the following is NOT part of Pre-Sales Service/ice?

Banks issue cheque books to customers holding ......... accounts.

The main objective of nationalization of industries is to

All the following are principles of insurance EXCEPT

The rights of the consumers does NOT include

Which area of law is NOT related to business?

Fishing is an example of

A tax paid on goods manufactured and consumed in your country is called

A multiple shop has many stores which sell

Shares are said to be sold at a discount when they are sold

The sum which the insured pays periodically to his insurance company is called

Prospectus in relation to a public limited inability company means

Crude oil is best transported within the country through

The body charged with the responsibility monitoring the quality of goods supplied is the

One of the following does NOT fit into the group.

Which of the following is NOT part of the marketing mix?

An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

The deliberate throwing of some goods into the sea to prevent the ship from sinking is an example of

Which of the following warehouse is generally found near a port?

Which of the following can be used to establish an importer's title to goods?

The breaking down of work into different processes is known as

The relationship between a country’s visible imports and exports in a trading year is known as

Which of the following does a seller send in reply to a letter of inquiry?

Obi received a cheque for N1000 from Mr. Ade and this cheque was stolen. He must

Which of the following is NOT regarded as a welfare service in an organization?

A holding company is one which holds shares in another company up to

Which of the is used in calculating working capital?

Which of the following is NOT an aim of advertising?

Which is NOT a legislation aimed at protecting the consumer?

An allowance made to a customer for prompt payment is known as

Which of the following CANNOT be sold through a vending machine?