Search SchoolNGR

Saturday, 25 July 2026
Register . Login

Economics Past Questions and Answers

Economics Questions

Question 2026:
The minimum amount which banks are required to deposit with the central bank is determined by the
  • A Liquidity ratio
  • B Cash reserve ratio
  • C Minimum lending rate
  • D Aggregate credit ceiling
View Answer & Explanation
Question 2027:
The major function of money market is to
  • A Provide funds for long-term financing
  • B Provide funds short-term financing
  • C Stabilize the value of the local currency
  • D Stabilize domestic prices
View Answer & Explanation
Question 2028:
An ad valorem tax is imposed on
  • A Special commodities
  • B Exports
  • C Imports
  • D The value of a commodity
View Answer & Explanation
Question 2029:
A huge national debt is an indication that the gold reserves of a nation has
  • A Appreciated
  • B Decreased
  • C Depreciated
  • D Stagnated
View Answer & Explanation
Question 2030:
Rapid economic development in Nigeria is realizable by
  • A Continuous dependence on oil
  • B Concentrating more on agriculture
  • C Developing the tourism industry
  • D Diversifying the economy
View Answer & Explanation