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Economics Past Questions and Answers

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Economics Questions

Question 2376:

which of the following is not an advantage of localization of industries ?

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A Enjoyment of externa economies
B Development of subsidiary industries
C Development of organized markets
D Growth of conurbation
E Growth of farms

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Question 2377:

Which of the following is not an advantage of government ownership of enterprises?

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A More capital is provided
B Pricing policy may be in the interest of consumers
C Government workers may be indifferent towards the public
D Infrastructure are rapidly developed
E Incomes may be more evenly distributed

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Question 2378:

if the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost

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A N15.00
B N60.00
C N100.00
D N250.00
E N320.00

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Question 2379:

The central banks controls commercial banks through all the following measures except

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A The uses of directives
B The use of bank rate
C Open market operations
D Accepting deposits
E Demanding special deposits

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Question 2380:

If a person supplements his current income by drawing on past savings in order to make both ends meet, he is said to be living

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A Good life
B An average life
C On his savings
D A reckless life
E On borrowed money

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