Economics Past Questions

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

4,545 questions
Question 1 of 20 4,545 total questions
Question 731
jamb 2013

The effect of emigration on a country's population is

Adecrease in the population
Bdecrease in job opportunities
Cincrease in population
Dincrease in dependency ratio
View Explanation & Discuss
Question 732
jamb 2013
The quality of labour force in Nigeria can be improved by
Aestablishing more tertiary institutions
Bcreating sufficient job opportunities
Cencouraging the study of science and technology
Destablishing more skills acquisition centres
View Explanation & Discuss
Question 733
jamb 2013

A major disadvantage of partnership business is

Adifficulty in the transfer of shares
Bdistrust among members
Climited liability
Dlarge capital outlay
View Explanation & Discuss
Question 734
jamb 2013

A distinguishing characteristic of consumer co-operative society is that the

Athe maximum number of shareholders is 20
Bmembers are the owners
Cmembers are the workers
Dthe minimum number of shareholders is 5
View Explanation & Discuss
Question 735
jamb 2013

The deregulation of the petroleum sector in Nigeria will bring about

Aefficiency in pricing and distribution of the products
Ban end to the importation of fuel
Can end to foreign firms' dominance
Dfixing appropriate production quotas
View Explanation & Discuss
Question 736
jamb 2013
Government participation in the oil industry was necessitated by the
Aannual increase in production
Bformation of OPEC
Chigh demand for crude oil
Dhuge investment outlay
View Explanation & Discuss
Question 737
jamb 2013

In Nigeria, efficiency in public corporations can be achieved through

Apublic offer
Bindigenization
Cprivatization
Dnationalization
View Explanation & Discuss
Question 738
jamb 2013

The most important determinant for the location of a brick industry is the availability of

Amarket
Bpower supply
Cwater
Draw materials
View Explanation & Discuss
Question 739
jamb 2013

The main reason for low agricultural produce in west Africa is need to

Athe presence of large-scale agro-allied industries
Bhigh dependency ratio
Cover dependence on agriculture for subsistence
Dthe use of crude implements in farming process
View Explanation & Discuss
Question 740
jamb 2013

In order to add value to Nigeria agricultural produce, there is need to

Acultivate high breed crops
Bprocess them into finished goods
Cadopt modern storage methods
Dadvertise them in European markets
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Question 741
jamb 2013

Life insurance companies contribute to economic development by holding a part of their assets in

Along-term financial instruments
Bmoney market instruments
Ccash and near money
Dshort-term financial instruments
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Question 742
jamb 2013

One of the goals of development plans in Nigeria is to

Aincrease the profitability of multinational businesses
Bimprove the country's GDP
Cachieve higher standard of living for the citizens
Dderegulate the economy
View Explanation & Discuss
Question 743
jamb 2013

An example of an expansionary fiscal policy action is

Adecrease in the corporate profit tax rates
Bdecrease in welfare payments
Cpurchase of government securities
Ddecrease in the bank rate
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Question 744
jamb 2013

A tax on land will ultimately fall

Apartly on agents and users
Bentirely on users
Centirely on owners
Dpartly on users and owners
View Explanation & Discuss
Question 745
jamb 2013

If CBN reduces money supply, the interest rate will

Afluctuate
Brise
Cfall
Dremain unchanged
View Explanation & Discuss
Question 746
jamb 2013

Which of the following is used by the Central Bank of Nigeria to control inflation?

ATariff on imports
BTax rate
CExchange rate
DDiscount rate
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Question 747
jamb 2013

If Mr .K obtains a N50.000 loan from a bank for the purpose of providing household needs, the demand for money is said to be

Atransactionary
Bspeculative
Cprecautionary and speculative
Dtransactional and speculative
View Explanation & Discuss
Question 748
jamb 2013

The speculative demand for money is inversely related to the

Ainterest rate
Blevel of income
Cexchange rate
Dinflation rate
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Question 749
jamb 2013

A measure of national income used as comparison of standard of living among nations is

Anet national product
Bgross domestic product
Cgross national product
Dper capita income
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Question 750
jamb 2013
An isoquant lying above to the right of another represents
Aa higher output level
Bconstant returns to scale
Cover-capacity utilization
Da lower output level
View Explanation & Discuss
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