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Economics Past Questions and Answers

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Economics Questions

Question 491:

Which would you NOT consider an agro-based industry in Nigeria?

SchoolNGR Classroom

A A diary enterprise producing milk
B A yam floor mill
C A poultry industry
D A fertilizer plant
E None of the above

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Question 492:

Price control indicate the following

SchoolNGR Classroom

A Price is fixed at equilibrium level
B Price is fixed above equilibrium level
C Price is not fixed but determined by demand and supply
D Price is fixed below equilibrium level
E None of the above

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Question 493:

Which is NOT a function of Central Bank in West Africa

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A Dealing in foreign exchange
B Issuing of currency
C Accepting deposit from private customers
D Acting as government bank
E Acting as bankers bank

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Question 494:

Which is NOT a cause of high population growth in Nigeria?

SchoolNGR Classroom

A Family planing Unit of Nigeria
B Improve medical facilities
C Reduction in death rate
D Improve hygiene
E Increased birth rate

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Question 495:

Commercial banks can create money in the following ways?

SchoolNGR Classroom

A By using coins and paper money
B By borrowing money from banks abroad
C By receiving deposit from individuals
D By printing money on the instruction of the central bank
E None of the above

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