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Economics Past Questions and Answers

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Economics Questions

Question 4471:

During the consolidation exercise most banks in Nigeria got the required capital through ____________

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A Mergers only
B Mergers and acquisition
C Acquisition only.
D Getting money from people

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Question 4472:

Economics can best be defined as the study of ____________

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A How to spend the family income efficiently
B How to find minimum cost of production
C The interpretation of scarce resources and date
D How scarce resources can be used efficiently

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Question 4473:

Which of the following is specialized in lending money for the purpose of developing real estate?

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A Commercial banks
B Central bank
C Mortgage banks
D Merchant banks.

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Question 4474:

Factors of production can be described as the ____________

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A Resources required for the provision of goods and services
B Skills involved in deciding and directing the flow of goods
C Monetary tools employed by government to ensure stable production
D Elements involved in the process of formulating polices on production

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Question 4475:

The systemic record of the various levels and types of economic activities is Called ____________

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A Gross national product
B National income accounting
C The budget
D Census.

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