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Wednesday, 01 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 1281:
A bank is said to be distressed when it?
  • A Is unable to deal with the Central Bank
  • B Has a low level of capital base
  • C Has low level of deposits
  • D Experiences serious liquidity crisis
View Answer & Explanation
Question 1282:
One method through which the Central Bank can restrict the commercial banks' power of credit expansion is to?
  • A Demand for increased special deposit
  • B Decrease the cash ratio
  • C Buy securities in the open market
  • D Reduce the rate of interests at which banks borrow from it
View Answer & Explanation
Question 1283:
Which of the following is the cheapest for the government in improving the welfare of its citizens?
  • A Subsidy
  • B Income supplement
  • C Donation to specific projects
  • D Wages increase
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Question 1284:
Which of the following is mostly used to determine the cost of living?
  • A Marginal changes in prices
  • B Consumer price index
  • C Prices of imported and exported commodities
  • D Producer price index
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Question 1285:
Ajanka, a medical student entitled to an annual allowance of N6,000, decides to leave the university to take up a job where he earns N7,000 per annum. By this singular act, the national income level will?
  • A Increase by N1,000
  • B Decrease by N 7,000
  • C Increase by N7,000
  • D Increase by N 13,000
View Answer & Explanation