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<\/p>\nThe neco commerce answers 2023 for objective and essay questions can be seen here. The National Examination Council (NECO) School Certificate Examination candidates will write their Commerce paper on Tuesday 25th July 2023.<\/p>\n
The Neco Commerce 2023 exam is for Paper III & II: Objective & Essay which will commence from 10.00 am to 12.40 pm. In this post, we will be posting samples of the Neco commerce questions for candidates that will participate in the examination.<\/p>\n
Note that below are the questions from NECO Commerce’s past questions and answers that we feel are likely questions for preparation.<\/p>\n
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PAPER-II [Essay]<\/strong> 1. (a) With the aid of a diagram illustrate the branches of production. 2.\u00a0(a) Differentiate between a contract of indemnity and a contract of non-indemnity. 3. (a) Differentiate between the Balance of Trade and Balance of payment. 4. Explain the following documents, stating the drawer, two contents, and one use of each. 5. a) State five features of a cooperative society. 6. (a) What is public relations? 7.\u00a0(a) Explain the term clearing of cheques. 8.<\/p>\n
\nAnswer any FOUR questions.<\/strong>
\nWrite your answers on the answer booklet provided.<\/strong><\/p>\n
\n(b) List and explain the three types of production. Give one example each.<\/p>\n
\n(b) State five ways in which insurance is important to a business.<\/p>\n
\n(b) Explain five functions of the Export Promotion Council.<\/p>\n
\n(i) Letter of enquiry
\n(ii) proforma invoices
\n(iii) quotation
\n(iv) debit note.<\/p>\n
\n(b) Explain five disadvantages of a cooperative society.<\/p>\n
\n(b) List and explain six methods of public relations.<\/p>\n
\n(b) Explain eight functions of a Commercial bank.<\/p>\n