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Friday, 10 April 2026
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Economics Past Questions and Answers

Post Utme Economics Questions

Question 71:
A decrease in aggregate spending in an economy will ultimately lead to
  • A Boom
  • B Deflation
  • C Inflation
  • D Recession
  • E Stagnation
View Answer & Explanation
Question 72:
Money serves well as a store of value in an environment devoid of
  • A Unemployment
  • B Bank robbery
  • C Development-oriented central/reserve bank
  • D Inflationary pressure
  • E Substitutes like ATMs, cheques and bank draft.
View Answer & Explanation
Question 73:
The ability of deposit money banks to create money is mainly affected by
  • A Reserve ratio
  • B Liquidity ratio
  • C Capital base
  • D Monetary policy rate
  • E All of the above
View Answer & Explanation
Question 74:
A document that shows the details of government revenue and expenditure in a year is called ____
  • A Budget
  • B Development plan
  • C Rolling plan
  • D Perspective plan
  • E Financial plan
View Answer & Explanation
Question 75:
The basic fiscal relation that exists
among the three tiers of government in
Nigeria is ___
  • A National budget appropriation
  • B State-Local Government joint account
  • C Revenue allocation from the federation account
  • D Federal road projects
  • E Federal character principle
View Answer & Explanation