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2776
What is the OBJECT of a co-operative society?
  • A. diversify the members’ produce tor international purpose
  • B. gain freedom in marketing the members’ produce
  • C. indulge in large scale production and earn huge profits
  • D. popularize government policies among the members
  • E. provide an agency for meeting the economic needs of members
View Answer & Discuss NECO 2001
2777
The term ‘caveat emptor’ means ‘let the
  • A. account be settled’
  • B. buyer beware’
  • C. debtor be careful’
  • D. manufacturer beware'
  • E. seller beware'
View Answer & Discuss NECO 2001
2778
What is NOT a lecture of a co-operative society?
  • A. banks easily lend money to them
  • B. it is a corporate body with a right to sue and be sued
  • C. members have to buy shares to form the initial capital
  • D. members have equal opportunity in the control of the society
  • E. there is no liability after shareholding is fully paid
View Answer & Discuss NECO 2001
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2779
lf the price of a good falls and the demand for that good also fall, then that good is .......
  • A. a normal good
  • B. an inferior good
  • C. a supper good
  • D. an expensive good
  • E. none
View Answer & Discuss (1) NECO 2001
2780
What is NOT a supplementary service of banks?
  • A. agents for payment
  • B. custody of valuables
  • C. dealing in foreign exchange
  • D. investments
  • E. referees
View Answer & Discuss NECO 2001
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