Study and practice Commerce past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.
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 152
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 153
neco2001
What is NOT a principle of an insurance contract?
Acontribution
Bindemnity
Cinsurable interest
Dpremium
Esubrogation
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Question 154
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 155
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 156
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 157
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 158
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 159
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 160
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 161
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 162
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 163
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 164
neco2001
Which of NOT a class of preference shares?
Acumulative
Bdebenture
C. non-cumulative
Dparticipating
Eredeemable
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Question 165
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 166
neco2001
The affairs of the co-operative society are in the hands of the
ABoard of directors
BBoard of trustees
CExecutive members
DRegistrar of Co-operatives
EShareholders
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Question 167
neco2001
What is NOT a right of the consumer?
Aa healthy environment
Bbe heard
Cto be informed
Dget value for money spent
Esave money on food and drugs
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Question 168
neco2001
Production means
Achanging the form of a good at any stage from the raw material to the finished products
Bincreasing economic welfare of people by producing more goods and services
Cmoving goods from one place to another for proper use
Dthe amount of satisfaction derived from the consumption of goods and services
Ethe provision of goods and services which are capable of satisfying human wants
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Question 169
neco2001
National income is
Aexcess on balance of payment
Bexcess on balance of trade
Cincome gotten from international trade
Dmoney value of goods and services produced in a given period
