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Economics Past Questions and Answers

Neco Economics Questions

Question 101:

Excise duties are taxes levied on ____________

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A Goods coming into the country
B Goods going out of the country
C Industrial incomes
D Locally manufactured goods
E Selected consumer durable

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Question 102:

The main differences between money market and capital market is that money markets

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A Acts as advisers to investor while capital markets teleguides
B Are owned by individuals, while capital markets are owned by government
C Accepts collateral, while capital markets does not accept such
D Accepts funds while capital markets disburse fun to investors
E Provide short term loans, while capital markets provide long-term loans

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Question 103:

Which of the following is NOT a function of the wholesaler in the distributive channel?

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A Bulk breaking
B Direct contact with end users
C Feedback information to manufacturers
D Public relations and advertising of products
E Storage facilities for finished products

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Question 104:

A business organization set up for the mutual benefits of member with similar interest is known as ____________

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A Cooperative society
B Partnership
C Private limited company
D Public corporation
E Public limited company

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Question 105:

A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as ____________

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A Comprehensive planning
B Indicative planning
C Perspective planning
D Regional planning
E Sectors planning

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