Past Questions And Answers
Economics is often described as a science because it
- A. adopts the use of laboratory experiments
- B. involves accurate predictions of human beings
- C. makes use of controlled experiment
- D. use scientific methods to explain observed phenomena
According to Amos, true religion entails
- A. being just and righteous
- B. engaging in sacrifices and burnt offerings
- C. engaging in holy feasts and assemblies
- D. fasting and praying always
A fiscal policy instrument that can influence the demand pattern in an economy is
- A. government spending
- B. interest rate
- C. income tax
- D. tariff
This question is based on General Literary Principles.
An art that is both literary and theatrical is
- A. a prose
- B. a poem
- C. drama
- D. prosody
The two legally recognized professional accounting bodies in Nigeria are the
- A. Nigerian Accounting Association and the Executive Cost and Management Accountants of Nigeria
- B. Institute of Certified Public Accountants of Nigeria and the Institute of Cost and Management Accountants
- C. Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria
- D. Association of Accountants of Nigeria and the Institute of Management Accountants of Nigeria
The drawer of a cheque is the
- A. Person who is to be paid the sum of money as written on the cheque
- B. Person who takes the cheque to the bank
- C. Bank on which the cheque is drawn
- D. Person who writes out the cheque
Consider the neutralization reaction represented by the following equation: Na2CO3 + 2HNO 3 → 2NaNO3 + H2O + CO2 The stoichiometric ratio of acid to base is
- A. 2:2
- B. 2:1
- C. 1:2
- D. 1:1
Use the information below to answer questions below
Work-in-progress 1/1........................N1,000
Work-in-progress 31/12......................N2,000
Production cost of goods manufactured.......N20,000
Sales.......................................N50,000
Stock of finished goods 1/1.................N4,000
Stock of finished goods 31/12...............N5,000
Selling and distribution expenses...........N2,000
Administrative expenses.....................N1,000
What is the net profit?
- A. N46,000
- B. N45,000
- C. N28,000
- D. N27,000
If the probability that an event will occur is p and the probability that it will not occur is q, which of the following is true?
- A. p - q=1
- B. q - p=0
- C. p + q=1
- D. p + q=0
Nigeria as a country is not a member of which of the following:
- (a) U.N.O
- (b) ECOWAS
- (c) AU
- (d) None of the above