NECO Past Questions and Answers - Page 39

191.

Which of the following does not relate to foreign trade?

A.

Certificate of origin

B.

Chartered party

C.

Dumping

D.

Export duties

E.

Export license

Correct answer is D

No explanation has been provided for this answer.

192.

Commerce refers to

A.

buying and selling of goods at home

B.

buying and selling of goods and services at home

C.

importation and exportation of goods

D.

importation and exportation of goods and services

E.

trade and all of services which assist trade

Correct answer is E

No explanation has been provided for this answer.

193.

The coming together of two or more companies to form one big viable company is known as

A.

association

B.

cartel

C.

joining

D.

merging

E.

trust

Correct answer is D

No explanation has been provided for this answer.

194.

Which of the following gives Nigerian’s the opportunity to take active part in industry and commerce?

A.

Commercialization

B.

Consumerism

C.

Indigenization

D.

Nationalization

E.

Privatization

Correct answer is E

No explanation has been provided for this answer.

195.

Sea transport is unsuitable for the movement of

A.

antiquities

B.

coal

C.

fertilizer

D.

planks

E.

vegetables

Correct answer is E

No explanation has been provided for this answer.