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Economics Past Questions and Answers

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Economics Questions

Question 711:

The economic goal of public utilities is to?

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A Maximize profit
B Expand assets
C Minimize costs
D Provide essential services
E Pay higher dividends to shareholders

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Question 712:

The basic principles of co-operative societies are those of?

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A Active participation of capitalist in the affairs of co-operative societies
B Worker ownership and worker control
C Sole proprietorship
D Partnership
E Denying of credit facilities to members

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Question 713:

The most important factor determining the location of the cement industry in Nigeria today is ?

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A Capital and government policy
B The nature of the product, infrastructure and government policy
C Nearness to the market and source of power
D Price of the product and source of labour
E Raw materials

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Question 714:

The most important characteristic of money is?

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A Portability
B Intrisic value
C Acceptability
D Usefulness
E Beauty

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Question 715:

The Central Bank instrument of control does NOT include

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A Open market operation
B Moral sanctions
C Reverse requirements
D Selective credit control
E Printing bank-notes

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