NECO Commerce Past Questions & Answers - Page 20

96.

Which of the following does NOT belong to the group?

A.

Banking

B.

insurance

C.

retailing

D.

transport

E.

warehousing

Correct answer is C

No explanation has been provided for this answer.

97.

Which of the following is NOT a component of trade?

A.

Auction

B.

Bilateral

C.

Multi-lateral

D.

Retail

E.

Wholesale

Correct answer is A

No explanation has been provided for this answer.

98.

The most common form of business unit in West Africa is

A.

co-operative society

B.

joint stock company

C.

partnership

D.

public corporation

E.

sole proprietor-ship

Correct answer is E

No explanation has been provided for this answer.

99.

Transfer of ownership of goods sold under Hire Purchase System takes place when _____ paid.

A.

a deposit is

B.

a quarter of the total price is

C.

half of the total price is

D.

the final instalment is

E.

two instalment have been

Correct answer is D

No explanation has been provided for this answer.

100.

One of the easiest means of transporting petroleum product is by

A.

air

B.

pipeline

C.

rail

D.

road

E.

sea

Correct answer is B

No explanation has been provided for this answer.