Commerce JAMB, WAEC, NECO AND NABTEB Official Past Questions

64

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
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65

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
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66

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
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67

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
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68

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
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69

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
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70

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
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71

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
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72

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
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73

The difference between the higher prices and the lower prices quoted for shares and stocks at the stock exchange is known as

  • A. brokerage
  • B. commission
  • C. contango
  • D. interest
  • E. jobbers turn
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74

Banks issue cheque books to customers holding ……… accounts.

  • A. current
  • B. deposit
  • C. fixed deposit
  • D. foreign
  • E. savings
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75

Which of the following warehouse is generally found near a port?

  • A. bonded warehouse
  • B. distributor's warehouse
  • C. manufacturer’s warehouse
  • D. producer’s warehouse
  • E. wholesaler’s warehouse
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76

Which of the following is NOT an aim of advertising?

  • A. creating a desire to purchase the goods
  • B. arousing the interest of the public
  • C. attracting the attention of the public
  • D. inspiring public confidence in the goods
  • E. reducing the cost of the goods produced
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77

Which of the following is NOT an aim of advertising?

  • A. creating a desire to purchase the goods
  • B. arousing the interest of the public
  • C. attracting the attention of the public
  • D. inspiring public confidence in the goods
  • E. reducing the cost of the goods produced
View Answer & Discuss NECO 2000