Search SchoolNGR

Economics Past Questions and Answers

Classroom

Economics Questions

Question 2111:

The major currency used for granting credits to member countries of the International Monetary Fund (IMF) is the

SchoolNGR Classroom

A US dollars .
B Canadian dollars
C Pounds sterling
D Deutschemark
E Belgian franc

View Answer & Explanation

Question 2112:

The two largest producers of crude oil in Nigeria are

SchoolNGR Classroom

A Borno and Ondo States
B Oyo and Bendel States
C Kwara and Benue States
D Rivers and Bendel States
E Niger and Rivers States

View Answer & Explanation

Question 2113:

If a producer sells 1kg of rice for N20 and his marginal products is 100kg, what is the highest wage he can pay the marginal labourer?

SchoolNGR Classroom

A N 20.00
B N 30.00
C N 50.00
D N 100.00
E N 200.00

View Answer & Explanation

Question 2114:

Nigerian indigenization decree was promulgated in order to

SchoolNGR Classroom

A Allow indigenes to have the full participation in the economic activities of the country
B Drive away foreigners
C Give equal chances to indigenes and foreigners in making economic decisions in the country
D Give industrial training to indigenes
E Indigenes expose the economic activities of the country

View Answer & Explanation

Question 2115:

An economic system in which most capital goods are owned by individuals and private firms is known as

SchoolNGR Classroom

A Mixed economy
B Planned economy
C Capitalist economy
D Traditional economy
E Civilized economy

View Answer & Explanation

Stay Updated

Follow us on:

Subjects