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Commerce 2007 NECO Past Questions

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6
The building of schools and hospitals for communities by some oil companies in Niger Delta of Nigeria is an example of
  • A. business diversification
  • B. business integration
  • C. consumer protection
  • D. discharge of social responsibility
  • E. indigenization
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7
Which of the following is an objective of regional economic grouping?
  • A. For easy religious interactions
  • B. For single political governance
  • C. For stable political governance
  • D. To encourage free flow of trade among members
  • E. To harmonize the culture of member countries
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8
The principle of insurance that prevents the insured from benefiting in an event where he suffers no material or financial loss is
  • A. Indemnity
  • B. insurable
  • C. proximate cause
  • D. subrogation
  • E. utmost good faith
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9
Which of the following relies on subvention as the main source of capital?
  • A. Cooperative society
  • B. Partnership
  • C. Public corporation
  • D. Public limited company
  • E. Sole trader
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10
A disadvantage of commercialization of public enterprises in Nigeria is that it
  • A. creates room for competition with private owned enterprises
  • B. enables consumers have value for their money
  • C. generates funds for government
  • D. leads to reduction in work force
  • E. promotes efficiency
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