NECO SSCE - Commerce - 2001

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

The word ‘Commerce’ means

What is the disadvantage of foreign trade?

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

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

What best explains the principle of subrogation in insurable?

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?

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

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

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

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

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

Production means

What is an aim of a trade association?

Which is NOT a public corporation?

What is NOT a right of the consumer?

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

The reward of capital as a factor of production is

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

The feature of a supermarket is

The term ‘caveat emptor’ means ‘let the

What is NOT the function of an entrepreneur?

National income is

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 NOT a function of a retailer?

The Articles of Association of a company do NOT contain

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

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

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 rate of turnover of Amura Ajita’s business?

What is NOT a source of capital for a business?

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

In which service will a sole trader NOT be found?

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

Dealing on the Stock Exchange may be either

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

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

A syndicate is an/a

Which of NOT a class of preference shares?

What is NOT a supplementary service of banks?

What is NOT an instrument of credit?

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

What is the OBJECT of a co-operative society?

What is NOT an advantage of indigenization?

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

What is NOT an advantage of combinations (monopolies)?

What is NOT a principle of an insurance contract?