NECO SSCE - Commerce - 2001

The reward of capital as a factor of production is

Dealing on the Stock Exchange may be either

The word ‘Commerce’ means

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

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?

What is the disadvantage of foreign trade?

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?

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

What is NOT a supplementary service of banks?

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

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

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

What best explains the principle of subrogation in insurable?

The term ‘caveat emptor’ means ‘let the

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

What is an aim of a trade association?

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

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

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

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

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

A syndicate is an/a

In which service will a sole trader NOT be found?

Which of NOT a class of preference shares?

Which is NOT a public corporation?

What is NOT an instrument of credit?

What is NOT a right of the consumer?

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

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

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

What is the OBJECT of a co-operative society?

The Articles of Association of a company do NOT contain

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

What is NOT an advantage of combinations (monopolies)?

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

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

What is NOT a source of capital for a business?

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

National income is

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

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

What is NOT a function of a retailer?

What is NOT an advantage of indigenization?

The feature of a supermarket is

What is NOT the function of an entrepreneur?

Production means

What is NOT a principle of an insurance contract?