NECO SSCE - Commerce - 2001

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

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

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

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Dealing on the Stock Exchange may be either

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

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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 OBJECT of a co-operative society?

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What is the disadvantage of foreign trade?

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What is an aim of a trade association?

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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 function of a retailer?

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Which is NOT a public corporation?

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Which of NOT a class of preference shares?

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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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A syndicate is an/a

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

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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 NOT a function of the chambers of commerce? They

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What is NOT a source of capital for a business?

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

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What is NOT a principle of an insurance contract?

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What is NOT an instrument of credit?

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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 the function of an entrepreneur?

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What is NOT a right of the consumer?

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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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Production means

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

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

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What is NOT an advantage of indigenization?

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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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What is NOT an advantage of combinations (monopolies)?

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The Articles of Association of a company do NOT contain

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The word ‘Commerce’ means

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What is NOT a supplementary service of banks?

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The feature of a supermarket is

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In which service will a sole trader NOT be found?

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

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The term ‘caveat emptor’ means ‘let the

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

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National income is

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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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The reward of capital as a factor of production is

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What best explains the principle of subrogation in insurable?

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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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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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