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Home
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Commerce
NECO 2003
Commerce 2003 NECO Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
History of Commerce
Relationship of Commerce with other areas of production
Importance of Commerce in the economy
Occupations
Meaning and Importance
Types of occupations: Industrial, commercial, direct and indirect services
Factors influencing choice of occupation
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Meaning and types: Primary, secondary, tertiary
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Business Units
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Role of Bureau de Change
Trade Associations and Economic Groups
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Trade - Home Trade
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Roles of Customs, Excise, Ports Authority
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Legal Aspects of Business
Simple contract
Agency, Sale of Goods Act, Hire Purchase Act
Employer/employee rights
Government regulations
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ICT in Commerce
Computer applications
ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
Safe products and pollution
Corporate social responsibility
Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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6
For a contract to be valid, there must be
A.
drawee and drawer
B.
insured and insurer
C.
lessor and lessee
D.
offer and acceptance
E.
principal and agent
View Answer & Discuss
NECO 2003
7
Which means of transport is most suitable for moving crude oil, gas and water from Port Harcourt to Kaduna?
A.
Bus
B.
Pipeline
C.
Ship
D.
Tanker
E.
Trailer
View Answer & Discuss
NECO 2003
8
The national headquarters of Niger Basin Commission is at
A.
Lagos
B.
Niamey
C.
N’djamena
D.
Yamasucro
E.
Yaounde
View Answer & Discuss
NECO 2003
9
Who among the following engages in manufacturing occupation?
A.
Bricklayer
B.
Carpenter
C.
Miner
D.
Musician
E.
Spinner
View Answer & Discuss
NECO 2003
10
The amount which a company is empowered to raise for a business is its
A.
called-up-capital
B.
nominal capital
C.
paid-up capital
D.
issued capital
E.
working capital
View Answer & Discuss
NECO 2003
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