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Wednesday, 11 March 2026
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Economics Past Questions and Answers

Neco Economics Questions

Question 246:
Data presented in tables are usually arranged in ____________ and ____________
  • A Charts, tables
  • B , graphs, rows
  • C Pictograms, columns
  • D Rows, columns
View Answer & Explanation
Question 247:
The additional satisfaction derived from the consumption of one more unit of a good is called ____________
  • A Marginal cost
  • B Marginal product
  • C Marginal revenue
  • D Marginal utility
  • E Total Utility
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Question 248:
When the demand for foreign exchange exceeds its supply, the value of the domestic currency
  • A Appreciates
  • B Depreciates
  • C Expands
  • D Increases
  • E Inflates
View Answer & Explanation
Question 249:
Time deposit is the same thing as ____________
  • A Bank rate
  • B Current account
  • C Demand deposited
  • D Fixed deposit
  • E Saving account
View Answer & Explanation
Question 250:
The International Monetary Fund (IMF) was set up mainly to ____________
  • A Cater for financial needs of developed countries
  • B Create conditions favourable for the growth of world trade
  • C Create favourable balance of payment
  • D Develop domestic trade
  • E Offset foreign debts only
View Answer & Explanation