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Economics Past Questions and Answers

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Waec Economics Questions

Question 66:

which of the following factor is not important in deciding the location of an industry?

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A The native language of the epople
B Availabilty of suitable labour
C Source of cheap power and raw materials
D Proximity to the location of a similar industry
E Proximity to the market

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Question 67:

The clearing house of all commercial banks in Nigeria is the

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A General Post Office
B Bnak forCommerce and Industry
C Nigerian Industrial Development Bank
D Mortgage Bank
E Central Bnak

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Question 68:

One of the advantages of Sole Proprietor is that

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A Risks are unlimited
B Technological progress is often out of reach
C Shares and stocks can be issued to raise funds
D Initiatives can be used in all cases
E It folds up in the case of death, lunacy or insolvency

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Question 69:

which of the following does not hinder the efficient of distribution of goods in West Africa?

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A Inadequate transportation network
B Inadequate storage facilities for agricultural goodss
C Inadequate credit facitlities for potential distributors
D Government participation in the distributive trade
E The tendency to hoard and smuggle

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Question 70:

which of the following categories of people do not gain during inflation?

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A Debtors
B Businessmen
C Shareholders
D Investors
E Creditors

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