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.

4,545 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

Past Questions

4,545 questions
Question 1 of 20 4,545 total questions
Question 461
jamb 2018

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

AFinance agriculture
Bestablish banks
Cacquire machinery
Dbuild houses
View Explanation & Discuss
Question 462
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.
View Explanation & Discuss
Question 463
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
View Explanation & Discuss
Question 464
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
View Explanation & Discuss
Question 465
jamb 2018

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

APreferential duties
BPreferential treatment
CEntreport
DTrade license
View Explanation & Discuss
Question 466
jamb 2018

The following are types of capital except:___________

ACurrent capital
BSaving capital
CWorking capital
DSocial capital
View Explanation & Discuss
Question 467
jamb 2018

From table, how many people scores above 6?

A25
B24
C5
D30
View Explanation & Discuss
Question 468
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
View Explanation & Discuss
Question 469
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
View Explanation & Discuss
Question 470
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
View Explanation & Discuss
Question 471
jamb 2018

One of the major forms of migration that tends to create problem in all developing countries is that of___________

ARural-urban migration
BRural-rural migration
CUrban-rural migration
DSeasonal migration
View Explanation & Discuss
Question 472
jamb 2018

A group formed to enable members adopt a common policy in labour negotiation is known as?

AEmployer’s association
BCraft Union
CTrade union
DEmployee’s union
View Explanation & Discuss
Question 473
jamb 2018

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

ARevenue generation
BEconomic development
CFiscal Policy
DTaxation
View Explanation & Discuss
Question 474
jamb 2018

The establishment of industries in rural areas will help to reduce____________-

AUrban-Rural migration
BRural-Urban migration
CRural-Rural migration
DUrban-Urban migration
View Explanation & Discuss
Question 475
jamb 2018

The population density of a town made up of 50 square kilometer land area and 100 million people is________

A50,000 people per square kilometer
B2 million people per square kilometer 
C0.5 million people per square kilometer
D20 million people per square kilometer
View Explanation & Discuss
Question 476
jamb 2018

Which of the following is an invisible item?

APetroleum services
BProcessed rice
CProcessed milk
DBanking services
View Explanation & Discuss
Question 477
jamb 2018

A country's budget allocation to various sectors of the economy is shown in the pie chart .
What is the ratio of expenditure of health to Agriculture?

A2:3
B3:4
C4:3
D5:4
View Explanation & Discuss
Question 478
jamb 2018

The number of people who are qualified to work and who offer themselves for employment is called____________?

AMigrant labour
BWorking population
CLabor turnover
DMobility of Labour
View Explanation & Discuss
Question 479
jamb 2018
X 8 10 12 16 18 20 24
F 2 1 4 3 3 1 6

 

From the table, Calculate the mean?

A24.0
B17.0
C18
D27.2
View Explanation & Discuss
Question 480
jamb 2018

The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________

AVolume of trade between countries
Bdirection of international trade
Ccommodity terms of trade
Dvolume of imports
View Explanation & Discuss
Question Navigator
Current
MathsFaculty