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Economics Past Questions and Answers

Waec Economics Questions

Question 801:

Which of the following will be an effect of inflation?

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A Wage earners will gain
B Borrowing of money will be restricted
C Money lenders will gain
D Borrowers of money will gain

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Question 802:

Government can control inflation by

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A Printing more money
B Reducing the rate of taxes
C Reducing the level of expenditures
D Establishing more banks

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Question 803:

The market consisting of a network of dealers where currencies can be bought and sold is known as

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A Capital market
B Foreign exchange market
C Commodity market
D The stock market

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Question 804:

Open Market Operation (OMO) means the

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A Provision of credit facilities by commercial banks
B Provision of credit facilities by the mortgage banks
C Buying and selling of government securities by the central banks
D Procedure for the establishment of commercial banks

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Question 805:

which of the following is an advantage of localization of industry?

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A Development of subsidiary firms
B Creation of paralell markets
C Developments of slums
D Atrraction of foreign capital

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