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Commerce 2001 NECO Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1
The bringing of ownership and management of a former private industry under the control of the government is called
  • A. corporation
  • B. industrialization
  • C. nationalization
  • D. participation
  • E. privatization
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2
The feature of a supermarket is
  • A. having central control from head-office
  • B. sales common household goods
  • C. sales of goods without owning shops
  • D. similarity in shops’ frontages
  • E. that there are many shops under a roof
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3
The Articles of Association of a company do NOT contain
  • A. a method of dealing with any alterations in the amount of capital
  • B. a method of sharing profits and the payment of dividends
  • C. a procedure for calling general meeting/method of voting
  • D. the amount of the authorized capital, showing its division into shares
  • E. the issue, transfer and forfeiture of shares
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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4
The word ‘Commerce’ means
  • A. buying and selling of goods and services
  • B. exchange and distribution of goods and services
  • C. life-blood of every nation
  • D. production of utilities
  • E. trade and all the services which assist trade
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5
What is NOT the function of an entrepreneur?
  • A. bearing risks
  • B. deciding on tax to pay
  • C. deciding what to produce
  • D. organizing other factors
  • E. providing initial capital
View Answer & Discuss NECO 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now