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Welcome to the NECO GCE Commerce Objective & Essay Answers to Questions for the years 2021-2022. Today is the last day of the NECO GCE Commerce expo.
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2021/2022 NECO GCE Commerce Questions: Commerce NECO GCE Expo Questions is out now on our website. In this article, I will be showing you the recent NECO GCE Commerce questions with answers.
BUT IF YOU THINK WHAT YOU’VE READ AND WHAT YOU’VE BEEN TAUGHT BY YOUR TEACHER IS ENOUGH TO TACKLE NECO GCE Commerce Paper III & II (Objective & Essay) QUESTIONS SET BY PROFESSORS, THEN GO AND RISK IT, I PRAY YOU WON’T REWRITE THESE EXAMS AGAIN. BUT KNOW THAT SUCCESS IS YOUR VICTORY”
You will also understand how NECO GCE Commerce Objective & Essay is set and many more examination details. All you need to do is to stay focused and follow this guide. Check out MATHEMATICS Answer to Question solution.
NECO GCE Commerce Answers Latest Update
2021 NECO GCE COMMERCE ANSWER
Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain.
(i)It is an avenue for companies to raise more capital.
(ii)It assists and compliments the efforts of the stock exchange market by buying/ selling the shares of companies which cannot be traded on the stock exchange market.
(iii)It ensures the survival and development of companies without fear of liquidation in the short run.
(iv)It provides financial advice to companies in areas of profitable investments.
(v)It helps companies to save advertising cost when shares are floated.
(vi)They provide expert advice on matters relating to finance, thereby enabling companies to know where to invest and when to do so.
(vii)It aim is to serve small and medium sized companies, some of which have good prospects for growth.
(viii) It enables the investing public to make long term investments. And it ensures survival and development of companies.
(i) To ensure maximum satisfaction: Consumers are protected so as to get a maximum satisfaction from goods bought and value for money spent.
(ii) Right to choose should not be restricted: This will ensure that a consumer gets the type of goods and services he demanded for.
(iii) Protection against harmful and dangerous goods: They should be protected against dangerous goods or goods which may be harmful. This will ensure that goods offered for sale are safe and uncontaminated eg fake or exposed goods.
(iv) Unreasonable high price: The consumers must be protected from exploitation caused by high prices. This will ensure that fair and reasonable prices are maintained.
(v) Incorrect weights and measures: The consumers are offered protection in order to avoid the use of deceptive weight and measure in the sales of goods by the sellers.
(i) It has no separate legal entity
(ii) It has unlimited Liability
(iii) It has a minimum of two and a maximum of twenty
(iv) Death of Partner can bring it to an end
(v) Capital is raised through members’ contribution
(vi) There is no auditing
(i) It has separate and distinct legal entity
(ii) It has limited liability
(iii) It has a minimum of seven and no maximum limit
(iv) Company enjoy perpetual existence
(v) Capital can be raised through insurance of shares to the public
(vi) Law prescribes an annual audit of company’s account
(i) Commercial banks accepts deposit from the public for safekeeping
(ii) They are agents of payment
(iii) They lend to customers
(iv) Safekeeping of variables
(v) Insurance of bank statements
(vi) Discounting bills of exchange
(vii) Insurance of travelers’ cheque
(viii) They provide financial advice
(i)Transportation helps in political development
(ii)Transportation helps in industrial and agricultural development
(iii)Transportation helps in bringing people closer during natural calamities
(iv)Transportation helps in cultural development
(v)Transportation helps in economic development
(i)Transportation helps in political development; it helps in political development. It enables political and economic interdependence by encouraging the division of labor and strengthening national unity and integration. It helps in maintaining peace and harmony as the deployment of troops in any nook and corner of a country is no longer difficult.
(ii)Transportation helps in industrial and agricultural development; that it has helped in the industrial as well as agricultural development of a country. It has been possible to use good fertilizers, qualitative seeds, and numerous modern equipment and techniques because they could be transported from one place to another at reasonable costs.
(iii)Transportation helps in bringing people closer during natural calamities; it helps in bringing people closer during natural calamities. Floods, drought, earthquake, and famine are natural disasters that are unpredictable by nature. It is next to impossible to make predictions about their arrival, length or severity. One can just wait for the time it loses its fury and dies a natural death.
(iv)Transportation helps in cultural development; it has facilitated a better understanding between people as they are no longer divided by specific boundaries of a place. As it has become easier to maintain contact there has been an increase in the sharing of cultural ideas and promoting co-operation in the world.
(v)Transportation helps in economic development; it has become a crucial element of economic growth as it can transport resources easily enabling societies to prosper and grow at a good rate. There is now better accessibility to investors for new as well as existing business entities. It is easy to see the emergence of markets, schools, colleges, and other facilities that have been a sign of increased economic growth in a place.
Our greatest joy is for you to pass your NECO GCE Commerce Objective & Essay Expo scheduled on the 7th December 2021 examination with ease because reading is the key to success, try your best so you can be able to defend yourself and your certificate anywhere.
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NECO GCE Commerce EXAMINATION HAS BEEN SCHEDULED TO TAKE PLACE ON
Tuesday 7th December, 2021
- Commerce Paper III & II (Objective & Essay) 2.00 pm – 4.40 pm
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Please note that the answers presented in this post is a guide to the forthcoming national examination council NECO GCE exam Commerce. We have prepared it to aid the student in preparing for the practical. If you have any questions about the NECO GCE 2021 Commerce Objective & Essay questions and answers, kindly let us know in the comment box
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