NECO Commerce Past Questions & Answers - Page 46

226.

Re-exporting imported goods to another country is known as ........ trade.

A.

barter

B.

counter

C.

entreport

D.

invisible

E.

visible

Correct answer is C

No explanation has been provided for this answer.

227.

Which of the following risks would an insurance company not prepared to cover?

A.

Change in fashion

B.

Death resulting from HIV

C.

Loss of cash in transit

D.

Numerous employees

E.

Theft of property

Correct answer is A

No explanation has been provided for this answer.

228.

Which of the laws of consumers protection fixes the rate of interest that may be charged on loans?

A.

Food and Drug Act

B.

Hire Purchase Laws

C.

Price Control Decree

D.

Sale of Goods Act

E.

Usury Laws

Correct answer is E

No explanation has been provided for this answer.

229.

Organization of a wholesale warehouse in a typical company consist of the following EXCEPT ....... department.

A.

finance

B.

management and administration

C.

publicity

D.

production

E.

packing and dispatch

Correct answer is D

No explanation has been provided for this answer.

230.

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.