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Friday, 24 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 266:
The major characteristics of an undeveloped nation is
  • A Over-dependence on foreign products
  • B Dominance of the industrial sector
  • C High per capita income
  • D Efficient and sensitive financial sector
View Answer & Explanation
Question 267:
Which of the following is NOT among the financial institutions in Nigeria?
  • A Federal Mortgage Bank
  • B Microfinance Banks
  • C Insurance Banks
  • D Federal Ministry of Finance
View Answer & Explanation
Question 268:
Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55.<br/>Determine the range?
  • A 0.25
  • B 10.00
  • C 1.55
  • D 9.95
View Answer & Explanation
Question 269:
Given that the prices and quantities supplied in litres of petrol is expressed as Qs = 25 + 0 25P.Qs is the quantity supplied and P is price. Determine the quantity supplied when price per litre is N30
  • A 50litres
  • B 32.5litres
  • C 30litres
  • D 35litres
View Answer & Explanation
Question 270:
From the diagram, determine the profit-maximizing output
  • A 600
  • B 800
  • C 900
  • D 1000
View Answer & Explanation