Economics Past Questions And Answers

Note: You Can Select Post UTME Schools Name Below The Exam Year.
81

A consumer purchasing a commodity X will maximize his satisfaction if

  • A. Px = MUx
  • B. Px ? MUx
  • C. Px > MUx
  • D. Px< MUx
View Discussion (0)WAEC 2011 OBJ
82

The value of the multiplier depends on?

  • A. MPC and level of income
  • B. level of personal income
  • C. level of personal savings
  • D. government policy and MPC
View Discussion (0)JAMB 1999
83

An economy in which the whole income is not consumed is referred to as______

  • A. Frugal economy
  • B. Spend thrift economy
  • C. Capitalist economy
  • D. Mixed economy
View Discussion (0)JAMB 2019
84

Ordinary shareholders. and preferential shareholders are different because

  • A) Preferential shareholders participate and can vote and be voted for during the AGM
  • B) Ordinary shareholder are given priority in case the company is liquidated
  • C) Preferential shareholders are prominent shareholders than ordinary shareholders
  • D) Ordinary shareholders are the core shareholders in the company
View Discussion (0)POST UTME OAU
85

Monetary control measure are coordinated by

  • A. Development banks
  • B. Merchant banks
  • C. comercial banks
  • D. the central banks
View Discussion (0)WAEC 2007 OBJ
86

Which of the following is a liability of a commercial bank?

  • A. Deposits in bank
  • B. loans made by the bank to individuals
  • C. loans made by the bank to other banks
  • D. Bonds purchased by the bank
View Discussion (0)JAMB 1990
87

Which of the following is NOT an instrument in the money market?

  • A. Treasury bill
  • B. Bill of exchange
  • C. Stocks and shares
  • D. Call money fund
View Discussion (0)JAMB 2017
88

The raw scores of 20 students of Utopia High School who took part in an examination in Economics are given below. The pass mark is 40%

38 28 70 43

39 20 64 66

12 46 52 53

20 34 48 69

18 20 64 34

(a) What is the mean score of the students' marks?

(b) How many students passed the examination?

(c) What percentage of the students failed the examination?

(d) What is the range of the scores?

(e) How many students scored below the mean score?

View Discussion (0)WAEC 1990 THEORY
89

An entrepreneur will continue to employ labour up to a point where?

  • A. costs are minimized
  • B. maximized efficiency is attained
  • C. wages are equal to marginal product of labour
  • D. marginal product of labour is equal to zero
View Discussion (0)JAMB 1999
90

A condition which adversely affects expansion of production is

  • A. Effective management
  • B. Limited size of the market
  • C. Availability of funds
  • D. Increased profit prospects
View Discussion (0)WAEC 1991 OBJ