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Economics Past Questions and Answers

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Economics Questions

Question 1116:

A significant effect of the growth of the oil sector in Nigeria has been to?

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A Increase the rate of unemployment
B Diminish the percentage contribution of the agricultural sector to GNP
C Slow down the pace of industrialization
D Retard the rate of economic growth

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Question 1117:

Because most of her crude oil is exported, the foreign exchange earnings and the forward linkage effects Nigeria realize from her oil production are?

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A Both high
B Respectively high and low
C Respectively low and high
D Both low

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Question 1118:

Which of the following is NOT directly concerned with dealings in treasury bills?

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A The stock exchange
B The Central bank
C Commercial banks
D Discount houses

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Question 1119:

Monetization refers to the ratio of?

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A Total transactions to monetary transactions
B Monetary assets to total assets
C Monetary transactions to total transactions
D Money in circulation to total income

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Question 1120:

The best way to reduce the supply of money in the economy is to?

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A Increase the liquidity ratio
B Increase the number of bank-notes and cheques produced
C Decrease treasury bills
D Liberalize access to credit

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