Economics Past Questions

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

90 questions
Question 1 of 20 90 total questions
Question 1
jamb 2018
X 2 3 4 5
F 2 5 2 1

 

What is the median of the distribution?

 

A5
B4
C3
D2
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Question 2
jamb 2018

In other to enhance the utility of a particular commodity, it was moved from a place where it has little utility to another area where its utility is higher. This form of utility is referred to as?

AMarginal utility
BForm utility
CPlace utility
DTotal utility
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Question 3
jamb 2018

Which of the following is an advantage of localization of industry?

ADevelopment of subsidiary firms
Bcreation of parallel market
Cdevelopment of slums
Dattraction of foreign capital
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Question 4
jamb 2018

Factors affecting size of Labour Force include the following EXCEPT?

ALevel of technology
BRetirement age
CGovernment policies
DTrade Union activities
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Question 5
jamb 2018

Calculate the population density of Nigeria, having a total population of 180 million with a total land area of 923,768 sq km?

A195 million people per sq km
B5132 people per sq km
C195 people per sq km
D1.7 million people per sq km
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Question 6
jamb 2018

Consider the following statements:

  1. Climate and availability of water largely determines the pattern of the population distribution.

  2. Density of population helps in getting a better understanding of the spatial distribution of population in relation to land

  Which of the statement(s) given above is/are correct

AOnly 1
BOnly 2
CBoth 1 and 2
DNeither 1 nor 2
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Question 7
jamb 2018

The economic term used to refer to human wants, desires or needs is known as?

AEnds
BAlternative means
CScarce
DMeans
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Question 8
jamb 2018

The Economic Community of West African States (ECOWAS) has been slow in achieving its objective because of______________

AThe activities of multinationals
Binadequate personnel at the secretariat
Cpolitical instability
Dinadequate international support
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Question 9
jamb 2018

Occupational distribution of information is mainly influenced by___________

Aeconomic factor
Breligious factor
Cgeographical factor
Dsocial factor
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Question 10
jamb 2018

The full meaning of NNPC is?

ANigerian National Population commission
BNigerian National Petroleum Corporation
CNational Number of Petroleum Companies
DNone of the above
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Question 11
jamb 2018

The reward for capital is___________

AInterest
BRent
CRisk
DPremium
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Question 12
jamb 2018

The Economic Commission for Africa was set up by the_________

AUNO
BECOWAS
COAU
DIMF
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Question 13
jamb 2018

If the pass mark was 40, how many students passed the examination?

A100
B120
C160
D200
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Question 14
jamb 2018

The formation of cartels or monopolies in other to obtain better bargaining or deals from other countries is characteristic of which of the following?

AInternational monetary Fund
BCountries with comparative advantage
CCountries with superlative advantage
DCountries producing same or identical goods
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Question 15
jamb 2018

The main concern of economists is to________-

AControl the growth of population
BRedistribute income between the rich and poor
CSatisfy all human wants
DAllocate scarce resources to satisfy human wants
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Question 16
jamb 2018

Utility is the satisfaction derived from____________

AProduction
BDistribution
CConsumption
DDemand
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Question 17
jamb 2018

Which of the following business organization is allowed to raise capital by sales of shares to more than twenty people?

APartnership
BSole proprietorship
CPublic limited liability company
DPrivate limited liability company
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Question 18
jamb 2018

The form of capital that is required for the day-to-day running of production activities is called?

AFixed capital
BSocial Capital
CCirculating capital
DLiquid capital
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Question 19
jamb 2018

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

AFinance agriculture
Bestablish banks
Cacquire machinery
Dbuild houses
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Question 20
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.
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