Log In SignUp
Classroom

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.

50 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
Download PHP app Ask a Question Check Syllabus Past Question Videos Topic Video Lessons

Take a test

Custom CBT

Create and set up a CBT environment with your preferred subjects.

JAMB CBT Simulator

Practice JAMB CBT with real UTME past questions in CBT format.

WAEC CBT Practice 2026 Simulator

CB-WASSCE styled past question practice.

NECO CBT Practice 2026 Simulator

SSCE & GCE styled past question practice.

Past Questions

50 questions
All JAMB WAEC NECO CUSTOM
All years 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978
Question 1 of 10 50 total questions
Question 21
neco 2003
Which of the following is NOT a component of agriculture?
Acrop farming
Bdrilling
Cfishing
Dforestry
Elivestock farming
View Explanation & Discuss
Question 22
neco 2003
Data presented in a circular chart is known as
Acircular chart
Bcomponent chart
Chistogram
Dpictograph
Epie chart
View Explanation & Discuss
Question 23
neco 2003
An economy is described as spend-rift if it
Adoes not concern itself with savings and investment
Bhas a great ability to generate foreign exchange from investment
Chas greater opportunity to receive large income from investment
Dinvests in income generating industries
Ehas trade connection with other countries
View Explanation & Discuss
Question 24
neco 2003
Averages cost (AC) equal to
AACTC
BTCAC
CTCAVC
DTCMC
ETCQ
View Explanation & Discuss
Question 25
neco 2003
Which of the following is a characteristic of private enterprises?
Abusiness risks are borne by the buyers
Bcapital is provided by the public
Ccontrol and management of the business is in the hands of customer
Dthe business is owned and run by government
EThe main aim of setting up the business is to maximize profit
View Explanation & Discuss
Question 26
neco 2003
Which of the following is NOT a sources of national income statistics?
AForeign trade figure
Bpay-rolls of various establishment
Cincome tax return
DEconomic surveys
Elevel of infrastructural development
View Explanation & Discuss
Question 27
neco 2003
ECOWAS Visa lasts for
A14 days
B30 days
C60 days
D90 days
E100 days
View Explanation & Discuss
Question 28
neco 2003

A shift of the demand curve leftward from its original position indicate

Aan increase in quantity demanded
Ba decrease in quantity demanded
Can expansion of demand
Da fall in demand
Eprice effect on demand
View Explanation & Discuss
Question 29
neco 2003
In calculating mean one should
Aadd the highest and the lowest number
Bdivide the highest and the lowest number
Cdivide the sum of the figure by the number of the figure
Dfind the most common number
Epick any number that has no partner
View Explanation & Discuss
Question 30
neco 2003

The aim of indigenization policy was to

Abuild more industries in the economy
Bincrease the drain in foreign exchange
Cincrease foreign domination of the economy
Dincrease the participation of Nigerians in commerce and industry
Esend all the foreigners away from Nigeria
View Explanation & Discuss
Question Navigator
Current
MathsFaculty