Economics Past Questions For JAMB/WAEC/NECO Students V21; These Economics questions are for students who are sitting for the following examinations:
- JAMB
- Post-UTME / Post-JAMB
- WAEC
- NECO
- WAEC GCE
- NECO GCE
- NABTEB
- NABTEB GCE
Economics Past Questions V21 (JAMB/WAEC/NECO)
Results
#1. In the diagram above, DoDo is the original demand curve, SoSo is the original supply curve, D1D1 is the new demand curve. What is the new equilibrium quantity?
#2. In the diagram above, profit is maximized at the output level
#3. In the diagram above, profit is maximized at the output level
#4. If a country has a balance of payments surplus on current account, this meansthat?
#5. If a country operates a freely floating exchange rate system, and suffers a balance of payments deficit can be eliminated through?
#6. The Economic Commission for Africa was set up by the?
#7. Which of the following is a transfer payment?
#8. The family Support Programme in Nigeria essentially focuses on?
#9. Economically, underdeveloped countries are characterized by?
#10. One of the major consequences of urban-biased development programmes in Nigeria is that they?
#11. Development plans have not been successful in some developing countries largely because of?
#12. When an indirect tax is levied on the producer of a good, the burden on the consumer will depend largely on the?
#13. If a government wants to reduce the level of inflation, it will?
#14. If a country's national income increased from N1000 billion over a period of 2 years, what was the average annual rate of growth of national income over the period?
#15. A fall in the marginal propensity to save will lead to?
#16. The major objective of economic growth is to?
#17. Which of the following is true about the value of money?
#18. If the reserve requirement for commercial banking in Nigeria were 30%, a commercial bank which receives an initial cash deposit of N3000 is in a position to lend out
#19. An issue of bank-notes not backed by gold but by government securities is known as?
#20. A rise in the market price of fixed interest securities is an indication that the?
#21. An increase in government expenditure will lead to?
#22. An increase in government expenditure will lead to?
#23. In many developing countries, infrastructural problems is acute due to the shortage of
#24. Export-promotion policy is primary concerned with the?
#25. The petroleum industry in Nigeria is?
#26. Crude petroleum is a good example of a?
#27. One of the techniques of monetary control used by the Central Bank of Nigeria is?
#28. One form of business organization which is not motivated solely by the profit objective is the?
#29. Which of the following can have their shares quoted on the stock exchange?
#30. The sector that employs the largest proportion of the active labour force in Nigeria is the?
#31. An entirely domestic effort directed at improving agricultural production in Nigeria is the?
#32. A factor that influences the location of a firm near its market is the?
#33. If an increase in the price of a commodity leads to increase in total revenue, then it means that the demand for this commodity is?
#34. Given that the elasticity of demand for a commodity is 2.5, the percentage change in the quantity demanded as a result of a 10 percent change in it price is?
#35. The producer in a perfectly competitive market is faced with a demand curve whose elasticity is?
#36. Unlike the retailer, the wholesaler provides?
#37. Liquidation of limited liability company implies that the?
#38. Given that B = Births D = Death X = Emigrants M = Immigration The population of a country over a period of time will rise if?
#39. The short-run period in production is defined as a period when?
#40. Specialization often improves economic performance because it?
#41. Which of the following statements bestdescribes the relationship between average product and marginal products
#42. When a firm is reaping economies of large-scale production, it experiences a fall in its?
#43. One of the economic problems of Nigeria today arises from?
#44. In certain circumstances, a centrally planned economy adopts the rationing system because of?
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