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Friday, 06 March 2026
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Economics Past Questions and Answers

Neco Economics Questions

Question 41:
The bank established to finances project aimed at promoting economic and social development within the African continent is ____________
  • A African bank for commerce and industry
  • B African development bank
  • C Economic bank for African
  • D Recovery fund bank for Africa
  • E Africa currency board bank
View Answer & Explanation
Question 42:
The comparison of the standard of living between Nigeria and Ghana is best down through the use of ____________
  • A Gross domestic product
  • B Gross National incomes
  • C Net disposable income
  • D Net National income
  • E Per capita income
View Answer & Explanation
Question 43:
What is the median term in the distribution below ;14, 13 29 ,15 ,13,17 ,12, ____________
  • A 12
  • B 13
  • C 14
  • D 15
  • E 29
View Answer & Explanation
Question 44:
The middle value of an array figure arranged in descending order is referred to as the ____________
  • A Equation
  • B Mean
  • C Median
  • D Mode
  • E Variance
View Answer & Explanation
Question 45:
Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is ____________
  • A N10
  • B N20
  • C N30
  • D N40
  • E N50
View Answer & Explanation