Economics Past Questions For JAMB/WAEC/NECO Students V18; 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 V18 (JAMB/WAEC/NECO)
Results
#1. The magnitude of the national income of a country depends on all the following except the
#2. The Quantity Theory of Money state that an increase in the quantity of money would bring about
#3. Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without a visa for a period of
#4. Under normal circumstances, a producer will bear the entire burden of taxation on his output if the
#5. Limited liability means that
#6. Factory buildings, machinery and raw materials are known in Economics as
#7. Abstention from consumption enables capital to be produced . Such abstention is called
#8. Tax evasion in Economics means
#9. Foreign exchange control in Nigeria is enforced by the
#10. The difference between the number of immigrants and emigrants is
#11. The difference between the number of immigrants and emigrants is
#12. Risk bearing and managerial control are the main function of the
#13. Risk bearing and managerial control are the main function of the
#14. If successive unit of labour are added to a piece of land while capital and technology remains constant, a point will be reached in the level of production when each additional unit of labour will add less to the output than previous units. This concept is known as
#15. When a firm’s total revenue is at the maximum , marginal revenue is
#16. The difference between the Gross Domestic Product (GDP) and the Gross National Product (GNP) is the
#17. one of the function of a commercial bank is that it
#18. which of the following is not a problem of distribution of goods in Nigeria?
#19. Mr Idowu needs a television and a refrigerator. Each cost N500.00, the exact amount he has . If Mr. Idowu buys the television , the refrigerator would be regarded as the
#20. Petro-chemicals industries are located in River State of Nigeria due to the presence of
#21. which of the following pairs can be referred to as middlemen?
#22. Mono-products economics are those that
#23. Mono-products economics are those that
#24. A Nigerian household demand curve for semovita is downward sloping because
#25. To the economist a stock of goods existing at a a particular time and conforming to certain requirements such as having utility, money value and being limited in supply , is known as
#26. The decision to consume more of one product swill under normal circumstances imply that
#27. Which of the following is not an advantage of government ownership of enterprises?
#28. if the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost
#29. The central banks controls commercial banks through all the following measures except
#30. If a person supplements his current income by drawing on past savings in order to make both ends meet, he is said to be living
#31. Which of the following is not a set of measures of central tendency?
#32. Which of the following is true of NEPA as a public corporation in Nigeria? It is
#33. A situation of full employment exist when
#34. which of the following function of money makes it possible for any person to provide for old age?
#35. The primary objective of Agricultural Credit Guarantee Scheme is the provision of
#36. which of the following is not an advantage of localization of industries ?
#37. The definition of economics as ‘the science which studies human behaviuor as a relationship between ends and scarce means which have alternative uses’ was given by
#38. The concept of economics efficiency primarily implies
#39. Cross elasticity of demand can be mathematically expressed as the
#40. The main objective of the Economic Community of West African State is to?
#41. In international trade, shipping and other freight charges are treated as?
#42. A situation in which a commodity is sold abroad below its cost of production in the home country is known as?
#43. The borrowing rights of a member country of the international Monetary Fund are determined by?
#44. The national income of a country indicates that the gross domestic production was N17 700 million and gross domestic product was N16 800 million. The difference of N900 million represents?
#45. One of the ways by which the government can speed up economic development is through the?
#46. A sustained increase in the production of goods and service in a country is called economic?
#47. If national income rises by 6% and population rises by 3%, per capita income will?
#48. Inflation n the Nigeria economy may be fueled by increase in?
#49. Gresham’s law in Economics shows that?
#50. Monetary policy aimed at reducing demand-pull inflation in the country maybe carried out through?
#51. Progressive tax structure is designed to?
#52. Taxes and government expenditures are instrument of?
#53. What is the term used to describe a policy aimed at promoting the local production of goods which are usually imported?
#54. Labour-intensive strategy of industrialization emphasizes the use of?
#55. Petroleum is the mainstay of the Nigerian economy because it is the?
#56. An indigenous company wholly owned by the federal government of Nigeria which currently engaged in prospecting for oil is?
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