NECO Past Questions and Answers - Page 41

201.

A discount that is given to middlemen in order to make good profit is called .......... discount.

A.

cash

B.

fixed

C.

quant

D.

seasonal

E.

trade

Correct answer is E

No explanation has been provided for this answer.

202.

All the following are members of small-scale retailing EXCEPT

A.

chain stores

B.

itinerant trade

C.

kiosks

D.

mobile shops

E.

stall holders

Correct answer is A

No explanation has been provided for this answer.

203.

The second tier security market is an example of

A.

capital market

B.

commodity market

C.

factor market

D.

labour market

E.

money market

Correct answer is A

No explanation has been provided for this answer.

204.

Shareholder receive......

A.

interest

B.

dividends

C.

commission

D.

allowances

E.

none of the above

Correct answer is B

No explanation has been provided for this answer.

205.

The 4C’s of credit are

A.

consumer, collateral, company and cost

B.

collateral, capital, company and cost

C.

collate capital, character and capacity

D.

character, cost, capital and capacity

E.

capital, capacity, consumer and character

Correct answer is C

No explanation has been provided for this answer.