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Economics Past Questions and Answers

Economics Questions

Question 4166:
The 1962-1968 development plan in nigerian failed because of ____________
  • A Absence of indigenous bank
  • B Higher exchange rate
  • C Non availability of finance house
  • D Movement of colonial masters
  • E Over dependency on foreign capital
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Question 4167:
The main function of retailer in the distribution channel is ____________
  • A Advertising the product on behalf of manufacturers
  • B Bulk breaking
  • C Branding and packaging of good
  • D Direct customer services
  • E Storage facilities for finished products
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Question 4168:
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having ____________
  • A Balanced budget
  • B Deficit budget
  • C Favorable budget
  • D Surplus budget
  • E Unfavorable budget
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Question 4169:
The act of cultivating land and rearing of animal for man’s use is ____________
  • A Agriculture
  • B Mono culture
  • C Forestry
  • D Aqua-science
  • E Horticulture
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Question 4170:
An economic system in which individual control the productive resources is known as ____________
  • A Capitalism
  • B Communism
  • C Freedomism
  • D Socialism
  • E Welfarism
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