NECO SSCE - Commerce - 2001

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

Awọn alaye Idahun

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?

Awọn alaye Idahun

What is NOT a principle of an insurance contract?

Awọn alaye Idahun

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

Awọn alaye Idahun

Dealing on the Stock Exchange may be either

Awọn alaye Idahun

Which is NOT a public corporation?

Awọn alaye Idahun

What is NOT a source of capital for a business?

Awọn alaye Idahun

What is NOT an instrument of credit?

Awọn alaye Idahun

What is an aim of a trade association?

Awọn alaye Idahun

The feature of a supermarket is

Awọn alaye Idahun

What is NOT a function of a retailer?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

What is NOT a supplementary service of banks?

Awọn alaye Idahun

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

Awọn alaye Idahun

What is the OBJECT of a co-operative society?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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?

Awọn alaye Idahun

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

Awọn alaye Idahun

What best explains the principle of subrogation in insurable?

Awọn alaye Idahun

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

Awọn alaye Idahun

A syndicate is an/a

Awọn alaye Idahun

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

Awọn alaye Idahun

The word ‘Commerce’ means

Awọn alaye Idahun

What is NOT the function of an entrepreneur?

Awọn alaye Idahun

What is NOT an advantage of indigenization?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

Production means

Awọn alaye Idahun

In which service will a sole trader NOT be found?

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

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

Awọn alaye Idahun

National income is

Awọn alaye Idahun

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

Awọn alaye Idahun

The term ‘caveat emptor’ means ‘let the

Awọn alaye Idahun

What is NOT an advantage of combinations (monopolies)?

Awọn alaye Idahun

The Articles of Association of a company do NOT contain

Awọn alaye Idahun

Which of NOT a class of preference shares?

Awọn alaye Idahun

The reward of capital as a factor of production is

Awọn alaye Idahun

What is the disadvantage of foreign trade?

Awọn alaye Idahun

What is NOT a right of the consumer?

Awọn alaye Idahun