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Commerce 2000 NECO Past Questions

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31

The policy designed to accelerate the greater participation of Nigerians in the ownership and management of business enterprises in Nigeria is called

  • A. commercialization
  • B. indigenity
  • C. industrialization
  • D. nationalis-ation
  • E. privatization
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32
An instruction to an agent abroad restricting him to buy from a named manufacturer is known as
  • A. a closed indent
  • B. an open indent
  • C. an order
  • D. pro forma invoice
  • E. a standing order
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33
An allowance made to a customer for prompt payment is known as
  • A. . allowance
  • B. bulk discount
  • C. cash discount
  • D. commission
  • E. trade discount
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34
Which of the following can be used to establish an importer's title to goods?
  • A. bill of exchange
  • B. bill of lading
  • C. cargo receipt
  • D. import licence
  • E. way bill
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35
Crude oil is best transported within the country through
  • A. a container
  • B. a trawler
  • C. a tanker
  • D. pipeline
  • E. rail
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