NECO Past Questions and Answers - Page 26

126.

The functions of public corporations include the following EXCEPT

A.

maximizing profits for the board members

B.

providing employment opportunities

C.

providing essential services to the public

D.

providing even development

E.

providing the public with social amenities at reduced cost.

Correct answer is A

No explanation has been provided for this answer.

127.

The term “consumer sovereignty” means that the consumer is a

A.

director

B.

king

C.

manager

D.

promoter

E.

target

Correct answer is B

No explanation has been provided for this answer.

128.

Which of the following services is NOT rendered by NITEL?

A.

Data Transmission

B.

Recorded Delivery

C.

Satellite

D.

Telex

E.

Telephone

Correct answer is C

No explanation has been provided for this answer.

129.

A typical example of an event covered by an Assurance Policy is

A.

accident

B.

burglary

C.

death

D.

fire

E.

theft

Correct answer is C

No explanation has been provided for this answer.

130.

The components of a balance of payments account are

A.

capital, current and fixed deposit

B.

capital, savings and fixed deposit

C.

current, capital and monetary movement

D.

current, savings and monetary movement

E.

current, savings and fixed deposit

Correct answer is C

No explanation has been provided for this answer.