NECO Commerce Past Questions & Answers - Page 75

371.

Fishing is an example of

A.

construction industry

B.

direct services

C.

extractive industry

D.

manufacturing industry

E.

tertiary industry

Correct answer is C

Extractive industries are businesses that take raw materials, including oil, coal, gold, iron, copper, and other minerals, from the earth. It includes mining, fishing, farming, dredging, and quarrying. This falls under the primary occupation

372.

The service rendered by NIPOST in which letters are addressed to any post office to await collection by the addressee is known as

A.

business reply service

B.

cash on delivery service

C.

express mail service

D.

free post service

E.

posted restate service

Correct answer is E

No explanation has been provided for this answer.

373.

When the price quoted includes all the cost to the actual destination, that is, from the seller’s warehouse to the buyer’s warehouse. it is called

A.

carriage

B.

carriage paid

C.

cash on delivery

D.

franco

E.

loco price

Correct answer is B

No explanation has been provided for this answer.

374.

The relationship between a country’s visible imports and exports in a trading year is known as

A.

balance of payment

B.

balance of trade

C.

counter trade

D.

international trade

E.

terms of trade

Correct answer is B

No explanation has been provided for this answer.

375.

Prospectus in relation to a public limited inability company means

A.

a document for allocation of shares to the public

B.

a document stating the types or shares

C.

a document where the names of shareholders are written

D.

an invitation to the public to buy shares

E.

an invitation to the public to collect dividends

Correct answer is D

No explanation has been provided for this answer.