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Economics Past Questions and Answers

Waec Economics Questions

Question 691:

Which of the following is a function of merchant banks?

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A Minting of coins
B Preparation of government budget
C Keeping watch on external reserves of the country
D Acting as acceptance houses

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Question 692:

personal savings are generally low in West Africa because of

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A The level of income of people
B The refusal of banks to grant loans
C Overpopulation
D Cheaper foreign currencies

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Question 693:

Which business organization enjoys tax-free point in est Africa?

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A Co-operative societies
B Private limited liability companies
C Joint stock companies
D Partnerships

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Question 694:

The greatest revenue earning industry in Nigeria is

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A Construction
B Agriculture
C Manufacturing
D Mining

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Question 695:

A market equilibrium exist when

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A No buyer goes home empty-handed
B Demand and supply are increasing
C Demand and supply are equal
D The price is fluctuating

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