Waec 1996 Economics Past Questions And Answers
1
which of the following market structure are imperfect in competition. I monopoly II duopoly III oligopoly
- A. I only
- B. II and III only
- C. I and II only
- D. I,II and III only
2
The current and capital accounts in Nigeria’s balance of payments contain all the following items except
- A. oil export
- B. receipts for shipping services
- C. cost of aviation
- D. IMF Standard Drawing Right (SDR)
3
Demand-pull inflation results when there is
- A. inadequate improvement in the wage rate of workers
- B. execessive demand due to high purchasing power
- C. excessive supply of raw materials for production
- D. rise in productivity of the factors of production
4
Development banks mainly provides
- A. savings account facilities for a developing economy
- B. foreign exchange facilities for importers and exporters
- C. capital for development of specific sectors
- D. capital for hire-purchase of machinery
5
Explain five sources of finance that are available to a Public Limited Company.
View Discussion (0)WAEC 1996 THEORY6
Changes in the value of money can be measured by
- A. The distributors
- B. A price index
- C. A demand index
- D. A supply index
7
In what ways can the government improve agricultural production in Nigeria?
View Discussion (0)WAEC 1996 THEORY8
which of the following is a bank's responsibility to it's shareholders?
- A. making profits
- B. creating money
- C. paying high interest rate
- D. preventing inflation
9
In production, factory buildings are regarded as
- A. Variable cost
- B. Average costs
- C. Marginal costs
- D. Fixed costs
10
The United Nation Conference on Trade and Development (UNCTAD) is a forum designed specifically for discussing the
- A. political conflicts in the United Nation Security Council
- B. educational needs of the developed countries
- C. religious affairs in the Southern Africa
- D. better terms of trade in the world