NECO Commerce Past Questions & Answers - Page 35

171.

The insurance policy that specifically covers damage to structure or machinery of a ship is known as.......insurance.

A.

cargo

B.

hull

C.

marine

D.

ship owners

E.

time

Correct answer is B

No explanation has been provided for this answer.

172.

A 'duty bill' is used to indicate whether the goods arriving a port are........

A.

being awaited

B.

clean

C.

damaged

D.

delivered

E.

on transit

Correct answer is C

No explanation has been provided for this answer.

173.

Department stores are usually located in

A.

areas free from traffic jam

B.

areas where low income earners live

C.

city centres

D.

low rental areas

E.

suburban town

Correct answer is C

No explanation has been provided for this answer.

174.

One way of restricting the quantity of goods which may be imported into a country is by

A.

balance of payment

B.

dumping

C.

quotas

D.

tariff

E.

terms of trade

Correct answer is C

No explanation has been provided for this answer.

175.

A receipt is a/an

A.

acknowledgement of money received

B.

credit instrument

C.

list of goods received

D.

list of goods to be supplied

E.

order for the goods to be purchased

Correct answer is A

No explanation has been provided for this answer.