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lf the price of a good falls and the demand for that good also fall, then that good is .......
Aa normal good
Ban inferior good
Ca supper good
Dan expensive good
Enone
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Question 1443
neco2001
What is NOT a lecture of a co-operative society?
Abanks easily lend money to them
Bit is a corporate body with a right to sue and be sued
Cmembers have to buy shares to form the initial capital
Dmembers have equal opportunity in the control of the society
Ethere is no liability after shareholding is fully paid
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Question 1444
neco2001
The term ‘caveat emptor’ means ‘let the
Aaccount be settled’
Bbuyer beware’
Cdebtor be careful’
Dmanufacturer beware'
Eseller beware'
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Question 1445
neco2001
What is the OBJECT of a co-operative society?
Adiversify the members’ produce tor international purpose
Bgain freedom in marketing the members’ produce
Cindulge in large scale production and earn huge profits
Dpopularize government policies among the members
Eprovide an agency for meeting the economic needs of members
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Question 1446
neco2001
What is NOT a characteristic of a Private Limited Liability Company?
Aa shareholder is not free to transfer his shares to someone without the permission of others
Bits shares cannot be offered to the public through the stock market
Cthe liability of shareholders is not limited to the amount of shams taken up
Dthe minimum and maximum number of shareholders is seven and infinity respectively
Ethe minimum and maximum number of shareholders is two and fifty respectively
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Question 1447
neco2001
What is NOT a principle of an insurance contract?
Acontribution
Bindemnity
Cinsurable interest
Dpremium
Esubrogation
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Question 1448
neco2001
ln stock exchange, the buyer is NOT entitled to the dividend when the stock is quoted
Aclean
Bcum-dividend
Cdouble barrelled
Dex-dividend
Efirm
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Question 1449
neco2001
In the stock exchange what is the day when the parties to a transaction decide whether the bargain should be completed held over until the next settlement?
Aaccount
Bcontango
Cmaking- up
Dname
Eticket
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Question 1450
neco2001
What is an aim of a trade association?
Aprotection of members’ interests
Bwatching government legislation which may affect members interests
Cencouraging the introduction of standard grades and sizes of goods
Dmaking arrangements for the settlement of disputes
Eexchanging information and creating uniformity in methods of dealing
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Question 1451
neco2001
Which term means that for the price quoted, transporting the goods is ‘free’ up to the time it is placed on board a carrier?
Acarriage paid (Cge. Pd.)
Bcost on delivery (C.O.D.)
Cex-ship
Dfree on board (F.O.B.)
Efree on rail (F.O.R.)
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Question 1452
neco2001
Dealing on the Stock Exchange may be either
A‘for cash or ‘for hire’
B‘for jobber’ or 'for broker’
C'for cash' or 'for account
D‘for cash’ or‘ for credit’
E‘for bull’ or ‘ for bear’
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Question 1453
neco2001
What is NOT a means of Central Bank’s controlling the credit policy of commercial banks?
Abanker's bank
Bbank rate
Ccash /liquidity ratio
Dfunding operations
Eopen market operations
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Question 1454
neco2001
What is NOT a concern of the Food and Drug Department of the Federal Ministry of Health?
Aco-operating with the appropriate agencies to bring about effective price control
Beducating the consumers on drug abuse
Cencouraging consumers to eat a more sensible and balanced diet and avoid fatty foods
Drequiring drug manufacturers to provide printed prescription for certain drugs
Erequiring drug manufacturers to test the safety and effectiveness of drugs before marketing
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Question 1455
neco2001
What is NOT an advantage of combinations (monopolies)?
Abender opportunity to expand operations
Bfall in the cost of selling
Cpool of specialized managerial skills
Dcentralized management
Edanger of over-capitalization
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Question 1456
neco2001
Which union is formed by the workers of firms of similar line of business to cater for their interests?
Aco-operative
Bemployees
Cfirms
Dtrade
Ewelfare
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Question 1457
neco2001
What is NOT an advantage of indigenization?
Alt enhances the development of private initiative
Blt ensures that important social services are provided at affordable cost
Clt ensures that Nigerians control and run the business enter-prize of their country
DIt fosters and accelerates the pace of industrial development
EThere is a saving in foreign exchange
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Question 1458
neco2001
Which of NOT a class of preference shares?
Acumulative
Bdebenture
C. non-cumulative
Dparticipating
Eredeemable
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Question 1459
neco2001
.
C.
ln which business is profit shared amongst the shareholders on the basis of patronage?
Aco-operative society
Bjoint stock company
Cpartnership
Dpublic company
Esole proprietorship
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Question 1460
neco2001
The affairs of the co-operative society are in the hands of the
