NECO Commerce Past Questions & Answers - Page 3

11.

The transfer of risks from an insurer to another insurer for premium is referred to as

A.

assurance

B.

insurance

C.

subrogation

D.

reinsurance

Correct answer is D

No explanation has been provided for this answer.

12.

The benefits that students derive from tourism are

A.

education and revenue

B.

recreation and education

C.

purchase of artifacts and sightseeing

D.

sale of artefacts and relaxation

Correct answer is B

No explanation has been provided for this answer.

13.

The type of advertising that influences consumer's choice of products is

A.

competitive

B.

persuasive

C.

specific

D.

informative

Correct answer is B

No explanation has been provided for this answer.

14.

One of the functions of the stock exchange is to

A.

assist individuals in their policies

B.

provide collateral for investors

C.

provide insurance cover against risk

D.

disseminate information to investors

Correct answer is D

No explanation has been provided for this answer.

15.

Kola who had an accident was taken to hospital by Kemi. Kola promised to give Kemi N 500 when discharged. Kola failed to fulfil his promise. Which of the following is legally correct?

A.

Kemi cannot sue Kola

B.

Kemi can sue Kola

C.

Kola can deny the promise

D.

Kola can offer something else

Correct answer is C

No explanation has been provided for this answer.