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Economics Past Questions and Answers

Waec Economics Questions

Question 581:
The primary objectives of the Nigerian Industrial Development Banks(NIDB) is the provision of loans to
  • A Farmers
  • B Manufacturers
  • C Setate agents
  • D Transporters
View Answer & Explanation
Question 582:
Small enterprises finds it difficult to expand due to
  • A Inadequate capital
  • B Lack of skilled manpower
  • C The high level of technology required for expansion
  • D Their inability to provide after-sale services
View Answer & Explanation
Question 583:
The Organization of Petroleum Exporting Countries (OPEC) is a
  • A Cartel
  • B Duopoly
  • C Monopoly
  • D Monopsony
View Answer & Explanation
Question 584:
One major export crop in West Africa is
  • A Rice
  • B Maize
  • C Palm kernel
  • D Cocoa
View Answer & Explanation
Question 585:
Balance of payment deficit implies that a country is
  • A Importing more than she is exporting
  • B Consumed less than she is producing
  • C Living below her means
  • D More productive than others
View Answer & Explanation