NECO Commerce: What are the areas Neco will set Commerce questions from and how do I get NECO commerce 2023 OBJ and theory questions answered correctly in the exam hall? Neco Commerce Questions is our topic of today.
NECO Commerce is compulsory for every Neco Art Student. Continue reading for Sample Questions Neco would set in 2023 Commerce or Check Neco 2023 Commerce Syllabus.
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NECO Commerce Questions And Answers
You have asked the questions, what are the areas Neco sets questions in Commerce? I am here to give you the bold answers to your question.
To make this topic easy for you to understand, I will divide it into three sections. The three sections are:
- NECO 2023 Commerce Objective Questions
- Neco Commerce Theory Questions And Answers.
- Instructions To Pass Neco.
Now that you are familiar with the various areas Commerce Neco Questions will come from, the next thing is to know exactly what Neco will ask from these areas in Neco.
NECO Commerce Objective Questions
As usual, you will be given questions and options A to E to choose from. Normally, the number of objective questions (OBJ) you are to answer in Neco Commerce is 50.
The Following Are Sample Neco Objective Questions. They are likely Commerce questions for Neco 2023.
- A. cultural
- B. economic
- C. political
- D. social
- E. technological
- A. number of lines contained by the message
- B. number of words contained in the message
- C. the security of the message
- D. time it would take the message to reach its destination
- E. urgency of the message
- A. consumer orientation
- B. marketing concept
- C. marketing mix
- D. marker research
- E. product mix
4. Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Kolawole’s average stock is?
- A. N9,000.00
- B. N10, 000.00
- C. N279,000.00
- D. N280,000.00
- E. N290,000.00
- A. advice note
- B. consignment note
- C. credit note
- D. debit note
- E. statement
- A. Assisting Companies in raise capital
- B. Assisting in transporting men and materials to production points
- C. Extracting goods for further production and processing
- D. Storing goods until they are needed
- E. Offering employment opportunities to a large number of people
7. In which order are the following documents used?
I. Enquiry
II. Delivery note
III. Order
IV. Invoice
V. Quotation
- A. I, II, III, IV and V
- B. I, V, III, IV and II
- C. II, I, IV, III and V
- D. III, II, V, I and IV
- E. V, IV, I, III and II
- A. N180
- B. N240
- C. N300
- D. N360
- E. no option
- A. pays full cost of the goods
- B. agrees with the hire purchase terms
- C. takes possession of the goods
- D. pays part of the instalments
- A. an e-mail
- B. a satellite
- C. a telex
- D. the Internet
- A. debentures
- B. gut-edged stocks
- C. merchandises
- D. securities
- E. treasure bills
- A. hoarding
- B. loss leader
- C. market sharing
- D. profiteering
- E. speculating
- A. bonds
- B. capital reserves
- C. debentures
- D. guilt-edged securities
- E. stocks
- A. Bureau De Change
- B. Courier Services
- C. Date Post
- D. NIPOST
- E. NITEL
15. Use the following information to answer question
Kolawole’s Opening Stock was N10, 000. His purchases was N280,000 Goods returned outward was N3,000, and the Closing Stock was N8,000
Cost of goods sold is
- A. N180,000.00
- B. N227,000.00
- C. N279,000.00
- D. N290,000.00
- E. N301,000.00
- A. communication
- B. co-ordination
- C. delegation
- D. direction
- E. Motivation
- A. bank draft
- B. cash book
- C. cheque
- D. payslip
- E. voucher
- A. catalogue
- B. export
- C. import
- D. indent
- E. quotation
- A. central
- B. commercial
- C. development
- D. industrial
- E. merchant
- A. consumer behavior
- B. marketing concept
- C. market mix
- D. pricing policy
- E. product mix
- A. aero plane
- B. caravan
- C. lorry
- D. ship
- E. train
- A. agent
- B. auctioneer
- C. broker
- D. offeree
- E. offeror
- A. A.C.I.F
- B. F.A.S
- C. F.O.B
- D. L.O.C.O
- E. E.O.E
- A. bonus
- B. commission
- C. dividend
- D. interest
- E. premium
- A. Banking Service
- B. Petroleum Product
- C. Processed Rice
- D. Processed Milk
- E. Processed Yam Flour
Read Also: How to answer neco questions very fast
Commerce Neco Theory Questions And Answers
The following are the kind of questions you should expect in Neco commerce Theory or Essay. They are hot cake questions:
- Distinguish between commerce and Industry
- Explain three activities involved in the industry
- Explain five activities involved in commerce
- State five features of a public corporation
- What is mail order business
- State 5 importance of personal selling to a business
- Explain the meaning of market segmentation
- Define Nationalism and Indigenization
- Define Commercialization and Privatization
- State four reasons why the government should participate in business
That’s all for now… I shall update you when more real life questions and answers come up. However, I advise that you are hard-working so as to pass your Neco once and for all.
Read Also: How to read and pass Neco in one day
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