NECO Commerce Questions and Answers 2021/2022 Expo Objectives/Essay | Download Answers

Latest NECO Commerce Questions and Answers 2021/2022 Objectives/Essay. Download free NECO Commerce expo/runs. Are you interested in scoring A1 in the ongoing exams? All Candidates have an opportunity to access the latest updates on the Commerce NECO  Questions and Answers for Examination.

There is no time to waste, if you need the Solutions to NECO Commerce Questions Paper 1 and 2 (OBJ & theory), kindly read and follow the instructions hereunder.

With the aid of likely Expo and randomly repeated NECO Commerce Questions, this article will show you how to answers the ongoing Exams and Possible NECO Commerce Answers PDF.

The tips on how to tackle btje the exams with stress are equally provide here.

NECO 2019/2020 Commerce Answers

NECO 2021 Commerce Objectives Questions and Answers

The National Examination Council of Nigeria is Responsible for the organization of the NECO Examination. The board does not welcome any form of examination Malpractice.

Due to this very fact, We advise all the candidates that registered for the Exam to beware of people promising to supply the answers during the exam. All the answers to the questions are there with you, there is no other expo.

PAPER-I (Objectives)

Below are past Questions

1. The type of activity which turns processed raw materials into consumer and industrial goods is described as
  • A. extractive
  • B. manufacturing
  • C. constructive
  • D. processing

ANSWER: B (manufacturing)

2. The production process that combines two or more raw materials into one end product is
  • A. conditioning
  • B. blending
  • C. merging
  • D. synthesis

ANSWER: B (blending)

3. A demonstration of social responsibility by a business is the payment of
  • A. taxes to the government
  • B. dividends to shareholders
  • C. interests on loans
  • D. premium on insurance

ANSWER: A (taxes to the government)

4. A distinguishing characteristics of a limited liability company is that it
  • A. is a collection of many sole proprietors
  • B. is a multiple partnerships
  • C. can sue and be sued
  • D. has limited resources

ANSWER: C (can sue and be sued)


How to Pass NECO Without Once and for all without Cheating

Get Commerce Essay 2021 NECO Questions and Answers PDF

The NECO Commerce Essay Section:

Below are Past Questions.

PAPER-II [Essay]
Answer any … questions.
Write your answers on the answer booklet provided.

1. (a) With the aid of a diagram illustrate the branches of production.
(b) List and explain the three types of production. Give one example each.

2. (a) Differentiate between a contract of indemnity and a contract of non-indemnity.
(b) State five ways in which insurance is important to a business.

3. (a) Differentiate between balance of Trade and Balance of payment.
(b) Explain five functions of the Export Promotion Council.

4. Explain the following documents, stating the drawer, two contents and one use of each.
(i) Letter of enquiry
(ii) proforma invoices
(iii) quotation
(iv) debit note.

5. a) State five features of a co-operative society.
(b) Explain five disadvantages of a co-operative society.

6. (a) What is public relation?
(b) List and explain six methods of public relation.

7. (a) Explain the term clearing of cheques.
(b) Explain eight functions of a Commercial bank.

8. (a) State five duties of an agent to his principal.
(b) State five duties of a principal to his agent.


Commerce Expo/Runs for NECO SSCE Exams 2021

The likely expo for commerce Exams is coming your way keep checking.

The following has been proving itself very useful in passing the NECO Commerce Exam can never be a problem to you.


Normally, Neco recommends books for the examination. But apart from neco literature in English where certain novels are compulsory, you are free to use any good Commerce textbook to prepare for Neco 2021 exam.

Some textbooks are more difficult to understand. If you have any topic you are finding difficult to understand, then get a textbook that will simplify the topics and make life better for you.


Many candidates are fond of skipping exercises and even examples while studying textbooks. In fact, “we” loved notebooks so much that we could ask, “can I read my notebook and pass NECO Commerce 2021?” Don’t be scared of attempting exercises in the subject. Face the challenges.


This is another factor that affects candidates’ success. Do not read Commerce past questions; answer past questions. Ensure to understand and solve each problem. If you find any question difficult while attempting the maths past questions, then feel free to consult your book for broad knowledge about the topic

I hope the Exam will never be a problem to you after going through this wonderful article. NECO Commerce Answers Loading…

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