NECO Commerce Past Questions & Answers - Page 11

51.

Shares, stocks, government bonds trade in the stock exchange marks: are known as

A.

debentures

B.

gut-edged stocks

C.

merchandises

D.

securities

E.

treasure bills

Correct answer is D

No explanation has been provided for this answer.

52.

Which of the following regards the consumer as king?

A.

consumer behavior

B.

marketing concept

C.

market mix

D.

pricing policy

E.

product mix

Correct answer is B

No explanation has been provided for this answer.

53.

Public debt management is one of the functions of a ----- bank

A.

central

B.

commercial

C.

development

D.

industrial

E.

merchant

Correct answer is A

No explanation has been provided for this answer.

54.

Another name for a foreign order is

A.

catalogue

B.

export

C.

import

D.

indent

E.

quotation

Correct answer is D

No explanation has been provided for this answer.

55.

A financial document stating the reasons for making a payment and details of the payment is

A.

bank draft

B.

cash book

C.

cheque

D.

payslip

E.

voucher

Correct answer is E

No explanation has been provided for this answer.