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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.

4,545 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10
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Past Questions

4,545 questions
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Question 1 of 20 4,545 total questions
Question 591
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
View Explanation & Discuss
Question 592
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
View Explanation & Discuss
Question 593
jamb 2016

The demand curve faced by a monopolist is_____?

APositively sloped
BVertical
Cdownward sloping
DNegatively Sloped
View Explanation & Discuss
Question 594
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
View Explanation & Discuss
Question 595
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
View Explanation & Discuss
Question 596
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
View Explanation & Discuss
Question 597
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
View Explanation & Discuss
Question 598
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
View Explanation & Discuss
Question 599
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
View Explanation & Discuss
Question 600
waec 2015

what is the total revenue from non tax sources

A$400.20 m
B$375.20 m
C$135.00 m
D$75.00 m
View Explanation & Discuss
Question 601
waec 2015

what is the total revenue from indirect tax

A$686.0 m
B$400.20 m
C$135.80 m
D$100.00 m
View Explanation & Discuss
Question 602
waec 2015

which of the following is a benefit to a member country of World Bank?

Aeasy access to long term loans
Bmanagement of foreign exchange
Cmediating in labour dispute
Dfinancing balance of payment deficit
View Explanation & Discuss
Question 603
waec 2015

In order to correct adverse balance of payments problem, government should? 

Areduce tariffs
Bincrease subsidies on exports
Cincrease tax on local industries
Dreduce personal income tax
View Explanation & Discuss
Question 604
waec 2015

The abolition of all forms of trade barriers among member countries while maintaining common external tariffs against non members is a feature of a

Afree trade
Bcustom union
Ccommon market
Deconomic union
View Explanation & Discuss
Question 605
waec 2015

A country has favourable terms of trade when the prices of her 

Aexports rises relative to the price of her imports
Bexports falls relative to the price of her imports
Cimports rise faster than the prices of imports
Dimports and exports move in the same direction
View Explanation & Discuss
Question 606
waec 2015

A concious effort of government to achieve a specific set of goals is?

Aeconomic planning
Beconomic development
Ceconomic growth
Deconomic target
View Explanation & Discuss
Question 607
waec 2015

The export of west A frican countries are mostly composed of

Aservice
Braw materials
Cmanufactured goods
Dconsumer goods
View Explanation & Discuss
Question 608
waec 2015

when the demand for foreign exchange exceeds its supply, the value of the domestic currency 

Aappreciates
Bdepreciates
Cremains inchanged
Dexpands
View Explanation & Discuss
Question 609
waec 2015

In order to control inflation, the government should

Areduce the cost of borrowing
Bbuy securities in the open market
Cadopt restrictive monetary policy
Ddiscourage savings
View Explanation & Discuss
Question 610
waec 2015

which of the following is not an objective of economic planning

Aneed to direct economic development of the country towards the desired direction
Bdesire to ensure a sustained cultural development of the country
Cdesire to widen the gap between developing countries and the developed world
Dmanagement of scarce resources in the face of unlimited wants of the citizens
View Explanation & Discuss
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