Search SchoolNGR

Thursday, 12 March 2026
Register . Login

Economics Past Questions and Answers

Neco Economics Questions

Question 251:
The correct relationship between income (Y), consumption (C) and savings (S) is ____________
  • A C = Y + S
  • B S = Y + C
  • C S = Y + S
  • D Y = C + S
  • E Y = C – S
View Answer & Explanation
Question 252:
The first National development plan period was from ____________
  • A 1955-1959
  • B 1962-1968
  • C 1965-1970
  • D 1970-1974
  • E 1975-1980
View Answer & Explanation
Question 253:
These are the objectives of industrial strategies in Nigeria EXCEPT
  • A Industrial financing
  • B Maximization of local value added
  • C Promotion of export oriented industries
  • D Promotion of import oriented industries
  • E Provision of economic and social infrastructures
View Answer & Explanation
Question 254:
Using Expenditure Approach to estimate National Income, Y is equal to ____________
  • A C + l + G + X – M + P - V
  • B C + l + G + X – M + P
  • C C + l + G – X + P
  • D C – 1 + G + X – M + P
  • E C + l – G + X – M – P
View Answer & Explanation
Question 255:
When the value of a country’s export exceeds her imports, there will be a ____________
  • A Deficit current account
  • B Excess visible imports only
  • C Favorable balance of trade
  • D Favourable capital account
  • E Surplus current account
View Answer & Explanation