NECO Commerce Past Questions & Answers - Page 40

196.

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.

197.

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.

198.

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.

199.

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.

200.

Any member of the public who wants to buy shares in the stock market will first of all meet a/an

A.

agent

B.

broker

C.

jobber

D.

seller

E.

share holder

Correct answer is B

No explanation has been provided for this answer.