NECO SSCE - Commerce - 2001

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

The Articles of Association of a company do NOT contain

Antwortdetails

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

Antwortdetails

What best explains the principle of subrogation in insurable?

Antwortdetails

What is the disadvantage of foreign trade?

Antwortdetails

What is NOT an advantage of indigenization?

Antwortdetails

Which is NOT a public corporation?

Antwortdetails

In which service will a sole trader NOT be found?

Antwortdetails

What is NOT an advantage of combinations (monopolies)?

Antwortdetails

The word ‘Commerce’ means

Antwortdetails

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

Antwortdetails

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

Antwortdetails

What is the OBJECT of a co-operative society?

Antwortdetails

What is NOT a supplementary service of banks?

Antwortdetails

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

Antwortdetails

The term ‘caveat emptor’ means ‘let the

Antwortdetails

What is an aim of a trade association?

Antwortdetails

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

Antwortdetails

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?

Antwortdetails

A syndicate is an/a

Antwortdetails

National income is

Antwortdetails

What is NOT the function of an entrepreneur?

Antwortdetails

What is NOT a right of the consumer?

Antwortdetails

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

Antwortdetails

The feature of a supermarket is

Antwortdetails

Which of NOT a class of preference shares?

Antwortdetails

Dealing on the Stock Exchange may be either

Antwortdetails

What is NOT a source of capital for a business?

Antwortdetails

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

Antwortdetails

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?

Antwortdetails

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

What is NOT a principle of an insurance contract?

Antwortdetails

What is NOT a function of a retailer?

Antwortdetails

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

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

Antwortdetails

What is NOT an instrument of credit?

Antwortdetails

The reward of capital as a factor of production is

Antwortdetails

Production means

Antwortdetails