NECO Past Questions and Answers - Page 16

76.

The payment made by government to producers to enable them reduce price is known as

A.

bonus

B.

compensation

C.

margin

D.

make-up

E.

subsidy

Correct answer is E

No explanation has been provided for this answer.

77.

The actual amount of share capital a company is allowed to issue to the public is the ---- capital

A.

authorized

B.

issued

C.

paid-up

D.

reserved

E.

working

Correct answer is A

No explanation has been provided for this answer.

78.

An example of service rendering trade association is

A.

Association of Nigerian Miners

B.

Cocoa Farmers’ Association

C.

Manufacturers Association of Nigeria

D.

Nigerian Bar Association

E.

Saw millers Association of Nigeria

Correct answer is D

No explanation has been provided for this answer.

79.

The losses incurred in the running of Public Corporations are borne by the

A.

board of directors

B.

debenture holders

C.

managing director

D.

shareholders

E.

tax payers

Correct answer is E

No explanation has been provided for this answer.

80.

A disadvantage of commercialization of public enterprises in Nigeria is that it

A.

creates room for competition with private owned enterprises

B.

enables consumers have value for their money

C.

generates funds for government

D.

leads to reduction in work force

E.

promotes efficiency

Correct answer is D

No explanation has been provided for this answer.