Past Questions And Answers
Which of the following is quoted when the buyer is responsible for the cost of loading the goods from the seller’s warehouse up to his own warehouse?
- A. LOCO
- B. F.O. R
- C. F.A.S
- D. C.I.F
A survey of 100 students in an institution shows that 80 students speak Hausa and 20 students speak Igbo, while only 9 students speak both language. How many students speak neither Hausa nor Igbo?
- A. 0
- B. 9
- C. 11
- D. 20
Which of following manages a public corporation?
- A. Chambers of Commerce
- B. Board of Directors
- C. An Accountant-General
- D. An Auditor-General
The purpose of profit and loss account is to ascertain
- A. Gross profit
- B. Capital
- C. Expenses
- D. Net profit
The total area under a force-velocity graph represents
- A. energy
- B. momentum
- C. power
- D. pressure
The condition for equilibrium price and quantity under perfect competition is?
- A. MC = AR = TR
- B. TC =AR = P
- C. MC = AR = P
- D. MC = AR = TC
Which of the following is a tissue?
- A. Volvox
- B. Chlamydomonas
- C. Epidermis
- D. Paramecium
The main requirement for admission to the second -tier securities market is the
- A) provision of a three year trading record
- B) creating a good atmosphere for growth and development
- C) guaranteeing of dividends to shareholders
- D) disclosure of all trading activities
Which of the following is not a cause of unemployment_______
- A. poor education
- B. lack of skills
- C. good government planning
- D. corruption
Disguised unemployment
- A. is a statistical artifacts with no economic meaning
- B. can be eliminated if the capital output ratio is increased
- C. can be eliminated if the press is free
- D. exist when manpower is not being utilized efficiently