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Economics Past Questions For JAMB/WAEC/NECO Students V2

Economics Past Questions For JAMB/WAEC/NECO Students V2; These Economics questions are for students who are sitting for the following examinations:

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  • NABTEB GCE

Economics Past Questions For JAMB/WAEC/NECO Students V2

 

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#1. The quantity supplied of a commodity increases while

#2. The burden of tax on a commodity whose demand is infinitely inelastic

#3. The pre-dominance of non-working housewives and maids in West Africa

#4. Inflation can be curbed by

#5. In most cases the marginal utility derived from a particular good

#6. Infant industries are

#7. The price mechanism

#8. When marginal cost equals marginal revenue of products

#9. Disposable income equals

#10. What do we call a market where there is large number of buyers and sellers, such that no one has an appreciable influence over prices?

#11. A typical corporate form of business organization is owned by

#12. which of the financial institutions cannot direct tax loans to individuals?

#13. An ad valorem tax means

#14. The foreign exchange rate of a country is

#15. The ‘terms of trade’ means

#16. Which is the most liquid of the following financial assets held by an individual

#17. The proportion of currency in the money supply

#18. If a government is running deficit, this means

#19. Pure monopoly describes market where

#20. Which of the following assets of the commercial bank does not yield revenue?

#21. Which of the following is not a component of national income at factor cost?

#22. Net national income is

#23. If Mr A earns N2,000 a year while Mr B earns N8,000 but Mr a pays N200 in tax per annum while Mr B pays N400, such a tax is

#24. Which of the following is not an asset of a commercial bank?

#25. The lowering of the exchange rate between country’s currency and other currencies is known as

#26. When the average physical product curve is rising the marginal physical product is Options

#27. The value of money is generally measured in reference to

#28. If the quantity demanded of a commodity increases from 20 to 30 when there is an increase in price from N4 to N5, the elasticity of demand is

#29. The total value of goods and services sold and bought in a country across its border during a given period, usually a year is known as

#30. Which of the following type of capital is not rewarded by means of dividends?

#31. Which of these is not usually the function of a wholesaler?

#32. Which of the following is not an indirect tax?

#33. Average cost is

#34. opportunity cost is the

#35. The quantity supplied of a commodity increases best when

#36. The country will be over populated when

#37. which of these alternative is wrong? central banks are

#38. The principle of comparative advantage or comparativecost is NOT based on one of the following assumptions

#39. Which of the following is not a direct tax?

#40. Division of labour means

#41. By utility we mean Options

#42. If two commodities are good substitutes for one another, e.g butter and margarine,an increase in the demand for one will reduce the demand for the other. This type of demand is called

#43. when the demand curve shift to the right it indicate that a larger quantity is demanded at each price. This is caused by one of the following

#44. When the price of a commodity is below the equilibrium price the quantity demanded will exceed the quantity supplied. Such a situation is referred to as

#45. The central bank controls the activities of other banks by all but one of the following

#46. which of the following is not true about occupational distribution of the labour force of West Africa?

#47. Which of the following is not true of the theory of optimum population?

#48. Production covers all but one of the following activities:

#49. Production covers all but one of the following activities:

#50. Which of the following is not an asset of a commercial bank?

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