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Economics Past Questions and Answers

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Economics Questions

Question 4386:

Time deposit is the same thing as ____________

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A Bank rate
B Current account
C Demand deposited
D Fixed deposit
E Saving account

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Question 4387:

The International Monetary Fund (IMF) was set up mainly to ____________

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A Cater for financial needs of developed countries
B Create conditions favourable for the growth of world trade
C Create favourable balance of payment
D Develop domestic trade
E Offset foreign debts only

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Question 4388:

The correct relationship between income (Y), consumption (C) and savings (S) is ____________

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A C = Y + S
B S = Y + C
C S = Y + S
D Y = C + S
E Y = C – S

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Question 4389:

The first National development plan period was from ____________

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A 1955-1959
B 1962-1968
C 1965-1970
D 1970-1974
E 1975-1980

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Question 4390:

These are the objectives of industrial strategies in Nigeria EXCEPT

SchoolNGR Classroom

A Industrial financing
B Maximization of local value added
C Promotion of export oriented industries
D Promotion of import oriented industries
E Provision of economic and social infrastructures

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