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Economics Past Questions For JAMB/WAEC/NECO Students V13

Economics Past Questions For JAMB/WAEC/NECO Students V13; These Economics questions are for students who are sitting for the following examinations:

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

Economics Past Questions For JAMB/WAEC/NECO Students V13

 

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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. which of these does not encourage industrial development?

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

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

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

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

#12. Which of the following is the normal channel by which the commodities reach the final consumer?

#13. the movement of a worker from one grade to another within the same industry is a form of mobility of labour which is

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

#15. which of the following is not correct?

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

#17. The clearing house of all commercial banks in Nigeria is the

#18. One of the advantages of Sole Proprietor is that

#19. which of the following does not hinder the efficient of distribution of goods in West Africa?

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

#21. Mobility of labour is not affected by

#22. 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?

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

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

#25. Data presented in table are usually arranged in

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

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

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

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

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

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

#32. In Economics market is define as

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

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

#35. Scarcity in Economics means that resources

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

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

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

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

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

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

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

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

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

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

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

#47. The three groups of government revenue are?

#48. The main objectives of public expenditure does NOT include?

#49. A perfect example of a public good is?

#50. A balance budget is defined as a condition of?

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