Economics Past Questions

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2,540 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

2,540 questions
Question 1 of 20 2,540 total questions
Question 251
jamb 2018

Occupational distribution of information is mainly influenced by___________

Aeconomic factor
Breligious factor
Cgeographical factor
Dsocial factor
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Question 252
jamb 2018

The full meaning of NNPC is?

ANigerian National Population commission
BNigerian National Petroleum Corporation
CNational Number of Petroleum Companies
DNone of the above
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Question 253
jamb 2018

The reward for capital is___________

AInterest
BRent
CRisk
DPremium
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Question 254
jamb 2018

The Economic Commission for Africa was set up by the_________

AUNO
BECOWAS
COAU
DIMF
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Question 255
jamb 2018

If the pass mark was 40, how many students passed the examination?

A100
B120
C160
D200
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Question 256
jamb 2018

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

AInternational monetary Fund
BCountries with comparative advantage
CCountries with superlative advantage
DCountries producing same or identical goods
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Question 257
jamb 2018

The main concern of economists is to________-

AControl the growth of population
BRedistribute income between the rich and poor
CSatisfy all human wants
DAllocate scarce resources to satisfy human wants
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Question 258
jamb 2018

Utility is the satisfaction derived from____________

AProduction
BDistribution
CConsumption
DDemand
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Question 259
jamb 2018

Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?

APartnership
BSole proprietorship
CPublic limited liability company
DPrivate limited liability company
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Question 260
jamb 2018

The form of capital that is required for the day-to-day running of production activities is called?

AFixed capital
BSocial Capital
CCirculating capital
DLiquid capital
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Question 261
jamb 2018

Mortgage banks give loans to investors on a long term basics to_____________

AFinance agriculture
Bestablish banks
Cacquire machinery
Dbuild houses
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Question 262
jamb 2018

Human wants are insatiable because wants are____________

ALimited while means are scarce
BUnlimited and means are also unlimited
CLimited and means are also limited
DUnlimited while means are scarce.
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Question 263
jamb 2018

The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called__________

ASales promotion
BTerm of trade
CExport promotion
DInternational trade
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Question 264
jamb 2018

Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture?

A1:2
B3:2
C2:1
D2:3
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Question 265
jamb 2018

Import duty and tariffs is an instrument used for international trade restriction and so is __________?

APreferential duties
BPreferential treatment
CEntreport
DTrade license
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Question 266
jamb 2018

The following are types of capital except:___________

ACurrent capital
BSaving capital
CWorking capital
DSocial capital
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Question 267
jamb 2018

From table, how many people scores above 6?

A25
B24
C5
D30
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Question 268
jamb 2018

The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?

ACommercial bank
BCentral bank
CMortgage bank
DMerchant bank
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Question 269
jamb 2018
X 2 3 4 5
F 2 5 2 1

 

From the table, the mean of the distribution is___________

A2.2
B2.5
C3.2
D4.5
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Question 270
jamb 2018

When a union is composed of workers with the same skill , it is called____________

AAn industrial union
BA workers union
CA craft union
DA technical union
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