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Monday, 09 March 2026
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Economics Past Questions and Answers

Neco Economics Questions

Question 171:
In the equation Q = a - bp + e; Q and P are ____________ Variables respectively.
  • A Constant and dependent
  • B Dependent and independent
  • C Error term and independent
  • D Independent and constant
  • E Independent and dependent
View Answer & Explanation
Question 172:
ECOWAS secretariat is located in ____________
  • A Abuja, Nigeria
  • B Accra, Ghana
  • C Conakry, Guinea
  • D Freetown, Sierra Leone
  • E Monrovia, Liberia V
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Question 173:
Persistent fail In the general price level Is known as ____________
  • A Deflation
  • B Devaluation
  • C General price Increase
  • D Inflation
  • E Price index
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Question 174:
An economy in which decision of what to produce is taken partly by private individuals and state is referred to as Economy.
  • A Capitalist
  • B Communist
  • C Mixed
  • D Socialist
  • E Welfarist
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Question 175:
The 2nd National Development plan in Nigeria was between ____________
  • A 1962 — 1968
  • B 1970 — 1974
  • C 1975 — 1980
  • D 1980 — 1985
  • E 1985 — 1990
View Answer & Explanation