Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 771:

The argument of tariff protection in less developed economies is that such a measure would

SchoolNGR Classroom

A Raise the price of goods affected abroad
B Make consumers pay a higher price for the domestically produced output
C Protect young industries from ruinous competition from abroad
D Help reduced excess capacity in domestic industries
E Stifle private investment intiatives

View Answer & Explanation

Question 772:

Devaluation of the naira as a condition for the international Monetary Fund 'loan' is considered inadvisable because?

SchoolNGR Classroom

A It would allowed for more money to be spent on luxuries
B The interest rate on the loan will increase
C It would decrease the demand for Nigeria's exports
D It would worsen Nigeria foreign exchange situation
E Nigerias oil would sell less in the world market

View Answer & Explanation

Question 773:

Foreign exchange control in Nigeria is administered by the?

SchoolNGR Classroom

A United Bank for Africa
B Union Bank of Nigeria
C First Bank Of Nigeria
D Central Bank of Nigeria
E Natonal Bank of Nigeria

View Answer & Explanation

Question 774:

Under the ECOWAS agreement, a Nigerian can enter and stay in Ghana without visa for a period of?

SchoolNGR Classroom

A 14 days
B 30 days
C 60 days
D 90 days
E 100 days

View Answer & Explanation

Question 775:

How many National Development Plans did Nigeria have between 1960 and 1984?

SchoolNGR Classroom

A One
B Two
C Four
D Five
E Six

View Answer & Explanation

Stay Updated

Follow us on:

Subjects