Question 1 of 12 272 total questions
The bank established to finances project aimed at promoting economic and social development within the African continent is
A African bank for commerce and industry
B African development bank
C economic bank for African
D recovery fund bank for Africa
E Africa currency board bank
The main disadvantages of deflationary policies is
A full employment in the country
B increasing cost of living
C improved standard of living
D unemployment in the country
E under employment in the country
In income determination theory, acceleration principles shows that
A income is the cause, while investment is the effect investment
B income and investment are both causes
C income and investment are both effects
D incomes is of on effect on investment
E investment is the causes, while income is the effects
A market situation with few sellers and many buyers is called
A monopoly
B duopoly
C oligopoly
D perfect competition
E monopsony
Which of these is NOT associated with the problem of internal trade?
A bargaining
B lack of specialization
C market trade unions
D natural barriers
E large number of middlemen
One of the fundamental economic problem of every society is
A allocation of scarce resource
B availability of market
C consumption pattern of inhabitant
D presence of middle man
E inadequate labour force
Transcationary motive implies, holding money
A for future investment
B for day to day expenses
C for unforeseen contingencies
D to settle previous debts
E to buy share in the stock exchange market
The Nigerian indigenization decree process involves
A 5 phases
B 6 phases
C 4 phases
D 3 phases
E 2 phases
The contribution of petroleum to the economy of nigerian is most prominent in the area of
A employment generation
B fuel provision
C infrastructural development
D revenue generation
E technical know-how
An economic system in which individual control the productive resources is known as
A capitalism
B communism
C freedomism
D socialism
E welfarism
The act of cultivating land and rearing of animal for man’s use is
A agriculture
B mono culture
C forestry
D aqua-science
E horticulture
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
A balanced budget
B deficit budget
C favorable budget
D surplus budget
E unfavorable budget
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