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Economics Past Questions and Answers

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Economics Questions

Question 2446:

Balance of trade can be define as

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A The value of import in relation to the value of a country's exports
B The price ratio of imports as against that of exports
C Equality in the total receipts and payments of a country in a year
D Percentage value of imports over percentage value of exports
E Price of exports versus price of imports

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Question 2447:

Which of the following is not a feature of a perfect market?

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A Large number of buyersand sellers
B Homogeneity of products
C Preferential treatment
D Absence of transport cost
E Perfect knowledge of market situation

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Question 2448:

Which of the following is the source of raising funds for a public limited liability company in West Africa?

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A Bank loans
B Issue of shares
C Issue of debentures
D Ploughing back profits
E Sales of bonds

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Question 2449:

Which of the following is not an objective of the Indigenisaton policy in Nigeria? To

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A Make Nigerians dominate their economy
B Increase Nigerians participation in the economy
C Prevent foreign monopoly of the economy
D Eliminate foreign participation in the Nigerian economy
E Protect the national interst and security

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Question 2450:

Where was oil first discovered in commercial quantities in Nigeria?

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A Oloibiri
B Warri
C Elesa Eleme
D Onitsha
E Port Harcourt

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