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Economics Past Questions and Answers

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Economics Questions

Question 4206:

The aim of indigenization policy was to ____________

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A Build more industries in the economy
B Increase the drain in foreign exchange
C Increase foreign domination of the economy
D Increase the participation of Nigerians in commerce and industry
E Send all the foreigners away from Nigeria

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Question 4207:

In calculating mean one should ____________

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A Add the highest and the lowest number
B Divide the highest and the lowest number
C Divide the sum of the figure by the number of the figure
D Find the most common number
E Pick any number that has no partner

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Question 4208:

A shift of the demand curve leftward from its original position indicate ____________

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A An increase in quantity demanded
B A decrease in quantity demanded
C An expansion of demand
D A fall in demand
E Price effect on demand

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Question 4209:

ECOWAS Visa lasts for ____________

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A 14 days
B 30 days
C 60 days
D 90 days
E 100 days

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Question 4210:

Which of the following is NOT a sources of national income statistics?

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A Foreign trade figure
B Pay-rolls of various establishment
C Income tax return
D Economic surveys
E Level of infrastructural development

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