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Economics Past Questions For JAMB/WAEC/NECO Students V12

Economics Past Questions For JAMB/WAEC/NECO Students V12; These Economics questions are for students who are sitting for the following examinations:

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  • JAMB
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  • NECO
  • WAEC GCE
  • NECO GCE
  • NABTEB
  • NABTEB GCE

Economics Past Questions For JAMB/WAEC/NECO Students V12

 

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#1. Industry can simply be defined as

#2. The reward of a debenture holder of a public company is a fixed rate of ?

#3. The downward sloping of the Average Revenue curve of the monopolist indicates that he

#4. Which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the Organization of Petroleum Exporting Countries (OPEC)?

#5. A legal tender is any

#6. Wages are to some extent determine by the

#7. Inflation in any economy

#8. which of these does not encourage industrial development?

#9. The money paid per hour or week for work done is known as

#10. in a rapidly growing economy where human labour is being replaced by machines, there is likely to be

#11. Distribution is part of production because it

#12. The grouping of a population into males and females is known as the

#13. which of the following is the most important reason why wages differ among occupations?

#14. one of the argument against he presence of middlemen in the distribution chain is that they

#15. a person who buys in bulk and sells in bit is a

#16. which of the following is not correct?

#17. which of the following factor is not important in deciding the location of an industry?

#18. which of the following categories of people do not gain during inflation?

#19. Mobility of labour is not affected by

#20. Given that fixed cost is N500.00, variable cost N1,500.00 and output is 50 units, what will be the average cost of producing one unit?

#21. Which of the following is regarded as fixed cost?

#22. which of the following reasons explains the upward sloping of supply curve in a competitive market?

#23. A firm is said to be a Public Joint-Stock Company when it

#24. Data presented in table are usually arranged in

#25. which of the following is not a function of money?

#26. Which of the following is not appropriate in calculating national income figures?

#27. What is the correct term for this group of exports : tractor, televisions, components, drugs and cars?

#28. the indicator of the value of money in the market is the

#29. The greatest disadvantages f barter system is the need for

#30. An inflation in which the price rises steadily at an average rate of about 2% per annum is best described as

#31. In Economics market is define as

#32. money supply at any given point in time refers to as

#33. all the following are source of finance to a Joint Stock Company except

#34. Scarcity in Economics means that resources

#35. A table which shows the price of a commodity and the quantity of it that is demanded per unit time is a

#36. The multiplier is defined as Options

#37. If the curve above shows the relationship between the price of commodity X and the quantity demanded of commodity Y then X and Y are

#38. In the diagram above what happens when the minimum wage is fixed at OW?

#39. The difference between gross national product and net national product is equal to?

#40. The value of the total output produced within Nigeria by all residents (citizens and non-citizens) is referred to as the?

#41. If C stands for consumption expenditure, I for investment, X for exports, and M for imports, then national income is?

#42. A sustained increase in the per capita income of a country over a period of time is called?

#43. The primary goal of development planning in Nigeria is to?

#44. By using exchange controls, a country tries to eliminate a balance of payments deficit by?

#45. The law of comparative advantage states that a country should specialize in the production of a commodity

#46. International and inter-regional trade differ primarily because?

#47. Optimum population is the population level at which?

#48. The group of people engaged in banking or insurance services by occupational distributions are classified as?

#49. Government intervention in an economy is often justified on the group that?

#50. The three groups of government revenue are?

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