NECO Past Questions and Answers - Page 46

226.

The amount which a company is empowered to raise for a business is its

A.

called-up-capital

B.

nominal capital

C.

paid-up capital

D.

issued capital

E.

working capital

Correct answer is A

No explanation has been provided for this answer.

227.

Who among the following engages in manufacturing occupation?

A.

Bricklayer

B.

Carpenter

C.

Miner

D.

Musician

E.

Spinner

Correct answer is B

No explanation has been provided for this answer.

228.

The national headquarters of Niger Basin Commission is at

A.

Lagos

B.

Niamey

C.

N’djamena

D.

Yamasucro

E.

Yaounde

Correct answer is B

No explanation has been provided for this answer.

229.

Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?

A.

Bus

B.

Pipeline

C.

Ship

D.

Tanker

Correct answer is B

No explanation has been provided for this answer.

230.

For a contract to be valid, there must be

A.

drawee and drawer

B.

insured and insurer

C.

lessor and lessee

D.

offer and acceptance

E.

principal and agent

Correct answer is D

No explanation has been provided for this answer.