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Friday, 24 July 2026
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Economics Past Questions and Answers

Economics Questions

Question 2076:
Life insurance companies contribute to economic development by holding a part of their assets in
  • A Long-term financial instruments
  • B Money market instruments
  • C Cash and near money
  • D Short-term financial instruments
View Answer & Explanation
Question 2077:
In order to add value to Nigeria agricultural produce, there is need to
  • A Cultivate high breed crops
  • B Process them into finished goods
  • C Adopt modern storage methods
  • D Advertise them in European markets
View Answer & Explanation
Question 2078:
The main reason for low agricultural produce in west Africa is need to
  • A The presence of large-scale agro-allied industries
  • B High dependency ratio
  • C Over dependence on agriculture for subsistence
  • D The use of crude implements in farming process
View Answer & Explanation
Question 2079:
The most important determinant for the location of a brick industry is the availability of
  • A Market
  • B Power supply
  • C Water
  • D Raw materials
View Answer & Explanation
Question 2080:
In Nigeria, efficiency in public corporations can be achieved through
  • A Public offer
  • B Indigenization
  • C Privatization
  • D Nationalization
View Answer & Explanation