NECO Commerce Past Questions & Answers - Page 70

346.

Which of the following means of transport is most flexible?

A.

air

B.

rail

C.

road

D.

sea

E.

waterways

Correct answer is C

No explanation has been provided for this answer.

347.

Crude oil is best transported within the country through

A.

a container

B.

a trawler

C.

a tanker

D.

pipeline

E.

rail

Correct answer is C

No explanation has been provided for this answer.

348.

Which of the following can be used to establish an importer's title to goods?

A.

bill of exchange

B.

bill of lading

C.

cargo receipt

D.

import licence

E.

way bill

Correct answer is B

No explanation has been provided for this answer.

349.

An allowance made to a customer for prompt payment is known as

A.

allowance

B.

bulk discount

C.

cash discount

D.

commission

E.

trade discount

Correct answer is C

No explanation has been provided for this answer.

350.

An instruction to an agent abroad restricting him to buy from a named manufacturer is known as

A.

a closed indent

B.

an open indent

C.

an order

D.

pro forma invoice

E.

a standing order

Correct answer is A

No explanation has been provided for this answer.