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Tuesday, 10 March 2026
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Economics Past Questions and Answers

Neco Economics Questions

Question 201:
A tax system in which the income earner pays a fixed percentage of his income annually is known as ____________ tax.
  • A Direct
  • B Indirect
  • C Progressive
  • D Proportional
  • E Regressive
View Answer & Explanation
Question 202:
A comprehensive statement of Income and expenditure on international accounts for one financial year is called ____________
  • A Balance of payments
  • B Balance of trade
  • C Budget
  • D Index of trade
  • E Terms of trade
View Answer & Explanation
Question 203:
The African Development Bank was set up in 1964 and has its headquarters in ____________
  • A Burkina Faso
  • B Ivory Coast
  • C Liberia
  • D Niger Republic
  • E Senegal
View Answer & Explanation
Question 204:
The Industrial strategy of producing locally those goods that could have been imported is known as ____________
  • A Balance growth
  • B Export promotion
  • C Import substitution
  • D Industrialization
  • E Urbanization
View Answer & Explanation
Question 205:
Which of the following Is NOT a function of Merchant Bank
  • A Helps public companies to issue new shares
  • B Provision of medium and long-term loans
  • C They accept bills of exchange
  • D They guarantee the buying of shares
  • E They implement government monetary policies
View Answer & Explanation