NECO SSCE - Commerce - 2005

Which of the following groupings is a means of payments through the post office

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The principle of insurance which ensures that an individual is restored to his former position after suffering a loss is

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A type of partnership in which all partners have unlimited liability and jointly manage the business is known as ……. partnership.

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Bonded warehouse is controlled and supervised by

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Tariff can be defined as a compulsory levy on

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Which of the following does NOT belong to the group?

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The most important document an importer requires to be able to clear his goods from the harbour is

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Which of these means of payment originates from a creditor?

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Which of the following is NOT a credit instrument?

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A public limited company is regarded as a legal entity because

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Which of the following is NOT a component of trade?

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One of the easiest means of transporting petroleum product is by

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Which of the following types of insurance is usually excluded from the principle of indemnity?

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The Nigeria Enterprises promotion Decree brought about policy

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Association of people in the same line of business is known as

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The document which gives complete information about the goods sold is the

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The following are advantages of division of labour specialization EXCEPT that it

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The following are functions of marketing EXCEPT

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An agent held responsible for non-payment of goods bought by the customer he introduced to his principal is called …… agent

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Gross profit can be calculated as

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Departmental store, supermarket and chain store are examples of

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Which of the following services is NOT rendered by NITEL?

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Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.

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Which type of advertisement induces consumer to purchase the goods he does not need?

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Branding is the assigning of trade marks to goods for the purpose of ……….. by the public.

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The term “consumer sovereignty” means that the consumer is a

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The document that spells out the relationship of a company with the outside world is known as

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A wholesaler who acts as an agent on behalf of the owner of the goods in buying or selling fora commission proportionate to the value of the transaction is called a

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The term “caveat emptor” implies that

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Who among the following engages in extractive activities?

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A ship which has no fixed schedule and travels wherever it can find cargoes to carry is a

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In the event of winding up of a company, who among the following is paid last?

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A dealer who buys securities at low prices in anticipation of reselling them at higher prices is called a

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Commerce is often referred to as the life blood of every nation because it

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Which of the following advertising media preselects its readership through the nature of its content?

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The act of being on one job for expertise is called

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The components of a balance of payments account are

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A typical example of an event covered by an Assurance Policy is

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Which of these is NOT a governments legislation to protect thee consumer?

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The association that encourages savings for the benefit of its members is known as

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The activities concerned with changing of raw materials into finished products belong to ______ occupation

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The documents sent by the suppliers of good to a prospective buyer, informing him of what to pay if he buys the good is

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The aid to trade which enables producer and consumer to transact business without physical contact is known as

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Use the information below to answer this question.

Aisha sold her wristwatch to Halima for N2,000.00 and she paid

The sum of N2,000.00 is the

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The coming together of two or more firms with each of them losing its identity is known as

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Stock exchange quoted the shares of ABC Plc at N0.75K for N1.25K per share. This means the shares were sold at a

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The functions of public corporations include the following EXCEPT

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Which of the following forms part of a company’s Article of Association?

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The most common form of business unit in West Africa is

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The rules and regulations guiding the conduct of business transactions are known as ……. law

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