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NECO 2000
Commerce 2000 NECO Past Questions
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Introduction to Commerce
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6
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
View Answer & Discuss (1)
NECO 2000
7
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
View Answer & Discuss (1)
NECO 2000
8
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
View Answer & Discuss
NECO 2000
9
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
View Answer & Discuss
NECO 2000
10
Fishing is an example of
A.
construction industry
B.
direct services
C.
extractive industry
D.
manufacturing industry
E.
tertiary industry
View Answer & Discuss (1)
NECO 2000
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