Past Questions And Answers
The major determinant of fire insurance premium is the
- A. Owner of the property
- B. usefulness of the property to the owner
- C. Type and structure of the property to be insured
- D. extent of fire damaged anticipated
When did the Madhist war begin?
- A. 1880
- B. 1881
- C. 1882
- D. 1883
An effect of rural-urban migration on the source region is
- A. rural depopulation
- B. urban depopulation
- C. rural employment
- D. rural unemployment
When an air column is set into vibrations, the distance between two consecutive nodes of the resultant wave is
- A. one quarter of the wavelength
- B. half of the wavelength
- C. the wavelength
- D. twice the wavelength
Goods worth N300 was transferred from department Q to P Similarly, P's total expenses for the period was N200
What was department Q's gross profit?
- A. N2 500
- B. N2 300
- C. N 2 200
- D. N1700
A major advantage of the private company over a partnership is that the private company
- A. can sell shares
- B. has limited liability
- C. can publish its account
- D. is allowed to borrow from commercial banks
Which of the following is the effect of using artificial pollination in plant breeding?
- A. Production of healthy crops
- B. Lengthening the maturity time of crops
- C. Making crops susceptible to disease
- D. Improvement of the variety of crops
The difference between the total amount of money received by a country and the total amount paid to other countries within a given period is the
- A. trade gap
- B. balance of trade
- C. balance of payments
- D. current account balance
An example of oxidation - reduction enzyme is
- A) amylase
- B) protease
- C) lipase
- D) dehydrogenase
in the the longrun, a firm must shut down if its average revenue is?
- A. greater than average cost
- B. less than average variable cost
- C. equal to the minimum average cost
- D. equal to the average cost

