Economics Past Questions And Answers
2931
The value of money is best determined by its
- A. size
- B. purchasing power
- C. portability
- D. being recognized
2932
The problems of conducting census include?
- A. high rate of rural-urban migration
- B. poor geographical distribution of population
- C. high birth rate in tthe country
- D. poor town planning in urban areas
2933
One form of business organization which is not motivated solely by the profit objective is the?
- A. joint stock company
- B. private limited company
- C. co-operative society
- D. ordinary partnership
2934
Which of the following is not a concept in National Income Accounting?
- A. Domestic National Products (DNP)
- B. Gross National Product (GNP)
- C. Gross Domestic Product (GDP)
- D. Net Domestic Product (NDP)
2935
A decrease in the demand for a product X resulted in a decrease in the demand for another product Y. The demand for X and Y is
- A. derived
- B. composite
- C. joint
- D. competitive
2936
Supply in Economics means making
- A. goods and services available to consumers
- B. goods available to the market at a given price and at a given period
- C. available the goods and services which consumers require
- D. craete goods
2937
One of the challenges facing the banking industry in Nigeria is
- A. ensuring technological security
- B. providing employment
- C. providing loans for investment
- D. creating more money
2938
Which of the following best describes the mode? the
- A. observation with the highest frequency
- B. average of two middle numbers
- C. item that occupies the middle position
- D. difference of two extreme values
2939
Utility is the satisfaction derived from the
- A. distribution of goods and services
- B. use of goods and services
- C. demand of goods and services
- D. production of goods and services
2940
Counter trading is an international arrangement whereby?
- A. goods and services are exchanged in a manner similar to barter
- B. goods and services are sold on the counter
- C. crude oil is sold to a foreign country
- D. goods are shipped to countries on which the United Nations has placed a trade embargo