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Economics Past Questions and Answers

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Economics Questions

Question 596:

Most firms are financed by share capital. The shares which do not carry any fixed rate of dividend are known as ?

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A Debentures
B Preference shares
C Ordinary shares
D Participating preference shares
E Old shares

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Question 597:

A firm whose cost of production decrease as it continues to increase its output is said to be enjoying?

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A Profit maximization
B Large-scale production
C A wind fall
D Government subsidies
E Economies of scale

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Question 598:

Who controls a limited liability company ?

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A The general manager
B The managing director
C The owner of 51% of shares
D The board of directors
E The government

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Question 599:

The National Electric Power Authority (NEPA) is a?

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A Public limited company
B Public liability company
C Private authority
D Public corporation
E Federal government authority

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Question 600:

Which one of the following functions of banks in Nigeria is reserved to the Central Bank?

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A Accepting deposits
B Serving as agents for payments
C Issuing bank-notes
D Lending to customers
E Purchasing and selling of stock exchange securities

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