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Economics Past Questions

Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

49 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

49 questions
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Question 1 of 9 49 total questions
Question 21
jamb 2016
A country that is over-populated will face the problem of
ALow birth rate
BLow per capita income
CHigh wage rate
DFull employment
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Question 22
jamb 2016

The interest charged on loans is determined by the __________?

AExchange rate
BFiscal policy
CRisk associated with the loan
DRate of production in the country
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Question 23
jamb 2016

The demand curve faced by a monopolist is_____?

APositively sloped
BVertical
Cdownward sloping
DNegatively Sloped
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Question 24
jamb 2016
One of the problems facing the Nigerian oil and gas industry is____________________?
AOver-capacity utilization
BThe discovery of alternative oil sources
CShortage of indigenous manpower
DThe excess supply of petroleum products
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Question 25
jamb 2016

Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55.
Determine the range?

A0.25
B10.00
C1.55
D9.95
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Question 26
jamb 2016

Which of the following is NOT among the financial institutions in Nigeria?

AFederal Mortgage Bank
BMicrofinance Banks
CInsurance Banks
DFederal Ministry of Finance
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Question 27
jamb 2016

The major characteristics of an undeveloped nation is

AOver-dependence on foreign products
BDominance of the industrial sector
CHigh per capita income
DEfficient and sensitive financial sector
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Question 28
jamb 2016

One of the major uses of national income statistics in Nigeria is to

AEqually distribute national income among citizens
BDetermine the total population
CCompare population growth among nations
DEstimate per capita income
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Question 29
jamb 2016
Development plans fail in Nigeria mainly because of
ACorruption and political instability
BOver-dependence on foreign aid
CHigh cost of plan implementation
DShortage of personnel
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