Economics Past Questions

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

139 questions
Question 1 of 20 139 total questions
Question 41
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 42
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
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Question 43
jamb 2018

Which of the following is an invisible item?

APetroleum services
BProcessed rice
CProcessed milk
DBanking services
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Question 44
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 45
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
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Question 46
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 47
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
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Question 48
jamb 2018

The study of Economics becomes necessary because of the______________

ALarge population size of the world
BScarcity of resources
COpportunity cost of goods and services
DNeed to satisfy every desire of man
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Question 49
jamb 2018

Efficiency of labour in a country is determined by the following except the____________

ASocial attitude to work
BEducation and training
CTotal population
DWorking conditions of workers
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Question 50
jamb 2018

In a capitalist economy, factors of production are owned and controlled by the _____?

 

ACitizen
BBusiness Men
CGovernment
DForeigners
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Question 51
jamb 2018

A country's budget allocation to various sectors of the economy is shown in the pie chart .

 

 If the budget of the country was $7,200.00, how much is allocated to education?

A$2,400.00
B$2,000.00
C$1,200.00
D$1,000.00
View Explanation & Discuss
Question 52
jamb 2018

The two major types of international trade are Bilateral trade and?

AInternal trade
BMultilateral trade
CDilateral trade
DTrilateral trade
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Question 53
jamb 2018

The diagram below represents a production function. At which of the points does diminishing returns set in__________

AR
BS
CT
DV
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Question 54
jamb 2018

As a factor of production, the reward for land is?

AProfit
BInterest
CRent
DWage
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Question 55
jamb 2018

Taxes and government expenditures are instruments of____________

 

 

AMonetary policy
BTax policy
CEconomic policy
DFiscal policy
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Question 56
jamb 2018

The full meaning of NAPEP is?

ANational Poverty Eradication Programme
BNational Agency for Poverty and Education Program
CNational Air Pollution and Environmental Purification
DNone of the above
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Question 57
jamb 2018

The expression of cost in terms of alternative forgone is referred to as ____?

AScarce resources
BDecision making
COpportunity cost
DChoice
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Question 58
jamb 2018
X 8 10 12 16 18 20 24
F 2 1 4 3 3 1 6

 

From the table, Calculate the median___________

A24.0
B17.0
C18
D16
View Explanation & Discuss
Question 59
jamb 2018

The reduction in the value of a country’s currency in relation to the value of the currencies of other nation is known as____________

ADeflation
BInflation
CDevaluation
DRevaluation
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Question 60
jamb 2018

A  capital market differs from the money market in that in the former ________?

AThe percentage of interest charged is more
BLoan sought is long term
CLoan repayment is guaranteed
DLoan sought is short-term
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