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[ Post UTME Begins ]:
View The List Of Schools That Have Released 2026 Post-UTME Forms.
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Commerce Past Questions
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Introduction to Commerce
Meaning, scope, characteristics and functions of Commerce
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Importance of Commerce in the economy
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Balance of trade/payment, terms of trade
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Roles of Customs, Excise, Ports Authority
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Documents: Enquiry, quotation, invoice, bill of lading, etc.
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ICT terms
E-commerce, E-banking, E-business
Business Environment and Social Responsibility
Types of environment
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Nationalisation, Indigenisation and Divestiture
Meaning, aims, advantages, disadvantages
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2821
Grouping consumers based on their purchasing habits is called market
A.
development
B.
expansion
C.
orientation
D.
segmentation
E.
selection
View Answer & Discuss
NECO 2002
2822
A statement of the current price and terms of trade of a product or service is called
A.
debit note
B.
letter of inquiry
C.
order form
D.
quotation
E.
statement of account
View Answer & Discuss
NECO 2002
2823
The compensation made to an insured for loss incurred in insurance is called
A.
commission
B.
indemnity
C.
interest
D.
pooling risks
E.
premium
View Answer & Discuss
NECO 2002
2824
What is the fastest means of sending documents from one place to another
A.
courier services
B.
express letters
C.
parcels
D.
quick delivery
E.
registered letters
View Answer & Discuss
NECO 2002
2825
Which document is used to advertise shares to the general public?
A.
Letter of Allotment
B.
Memorandum and Article Associations
C.
Newspaper
D.
Prospectus
E.
Radio and television
View Answer & Discuss
NECO 2002
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