Economics Past Questions And Answers
1441
Outline the role of industrialization in the economic development of Nigeria.
View Discussion (0)WAEC 1998 THEORY1442
A concious effort of government to achieve a specific set of goals is?
- A. economic planning
- B. economic development
- C. economic growth
- D. economic target
1443
In Nigeria, the bank that can correctly be described as a unit bank is?
- A. the Central Bank
- B. people's bank
- C. mortgage bank
- D. community bank
1444
The monetization policy of the Nigerian government is aimed at
- A. encouraging public servants to retire early and become self-employed
- B. transferring government's properties to retired public servants
- C. reducing government's burden on the provision of fringe benefits to public servants
- D. helping government recover properties held by public servants
1445
Choice is necessary because resources
- A. are available
- B. can be found everywhere
- C. are constant
- D. are scarce
1446
Taxes levied on goods and services by government are called
- A. indirect taxes
- B. direct taxes
- C. corporate taxes
- D. poll taxes
1447
Identify the likely problems that can be encountered in the compilation of National Income Account in Nigeria.
View Discussion (0)WAEC 1995 THEORY1448
A good measure of the standard of living usually used for international comparison is_______
- A. Per capita income (PCI)
- B. Gross national product (GND)
- C. Net national income (NNI)
- D. Gross domestic product (GDP)
1449
The concept of economics efficiency primarily implies
- A. containing the maximum output from available resources at the lowest possible cost
- B. conserving our petroleum resources
- C. equity in the distribution of the nation's wealth
- D. production without waste
1450
Monetary policy aimed at reducing demand-pull inflation in the country maybe carried out through?
- A. increase in taxation of private companies, public corporations and private individuals
- B. increase in cash reserve ratio of commercial banks and the sale of government securities
- C. decrease in goverment expenditure on education
- D. direct price control in the market place