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NECO SSCE

Commerce Past Questions

6 questions  ·  4 years  ·  2018–2023

Full NECO SSCE past questions with correct answers. Practice with timed simulations, track your scores, and top the leaderboard.

6
Questions
4
Years
2018
Earliest

Sample Questions

Showing 10 of 6 questions
1
NECO SSCE 2018

Life assurance differs from other insurance because

A the event insured against is certain to happen
B it covers property
C it is always cheap
D it requires no premium
Answer: A
2
NECO SSCE 2019

Hire purchase differs from credit sale because in hire purchase

A ownership passes only after the last instalment
B ownership passes immediately
C no deposit is required
D the price is lower
Answer: A
3
NECO SSCE 2022

The rate at which the Central Bank lends to commercial banks is called the

A bank rate
B interest rate
C exchange rate
D inflation rate
Answer: A
4
NECO SSCE 2022

Warehousing is important in commerce because it

A ensures goods are available when needed
B reduces the cost of production
C eliminates the need for transportation
D replaces retail shops
Answer: A
5
NECO SSCE 2023

A cooperative society is owned by

A its members
B the government
C a single individual
D shareholders
Answer: A
6
NECO SSCE 2023

Advertising is a form of

A promotion
B production
C distribution
D consumption
Answer: A

-4 More Questions Available

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