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Economics Past Questions and Answers

Economics Questions

Question 4171:
The contribution of petroleum to the economy of nigerian is most prominent in the area of ____________
  • A Employment generation
  • B Fuel provision
  • C Infrastructural development
  • D Revenue generation
  • E Technical know-how
View Answer & Explanation
Question 4172:
The Nigerian indigenization decree process involves ____________
  • A 5 phases
  • B 6 phases
  • C 4 phases
  • D 3 phases
  • E 2 phases
View Answer & Explanation
Question 4173:
Transcationary motive implies, holding money
  • A For future investment
  • B For day to day expenses
  • C For unforeseen contingencies
  • D To settle previous debts
  • E To buy share in the stock exchange market
View Answer & Explanation
Question 4174:
One of the fundamental economic problem of every society is ____________
  • A Allocation of scarce resource
  • B Availability of market
  • C Consumption pattern of inhabitant
  • D Presence of middle man
  • E Inadequate labour force
View Answer & Explanation
Question 4175:
Which of these is NOT associated with the problem of internal trade?
  • A Bargaining
  • B Lack of specialization
  • C Market trade unions
  • D Natural barriers
  • E Large number of middlemen
View Answer & Explanation