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Commerce 2009 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
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21
The profit received by a member of a cooperative society is
  • A. a rebate
  • B. an allowance
  • C. a dividend
  • D. a share
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22
The individuals who conceive the idea of a company and undertake to fulfill the legal requirements for the venture are the
  • A. shareholders
  • B. promoters
  • C. directors
  • D. entrepreneur
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23
information and communication technology is advantageous to the banking industry because
  • A. overhead cost is reduced
  • B. the number of customers increases
  • C. service delivery is fast
  • D. interest rates are raised
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24
Foreign trade transactions are carrried out through the use of
  • A. commercial papers
  • B. bank drafts drawn by commercial banks on their foreign braches
  • C. irrevocably confirmed letters of credit
  • D. letters of credit authenticated by embassies
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25
A country’s balance of payments is divided into
  • A. current and capital accounts
  • B. current and foreign accounts
  • C. creditor`s and debtor’s accounts
  • D. export and import accounts
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