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Economics Past Questions and Answers

Waec Economics Questions

Question 1691:

Changes in the value of money can be measured by

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A The distributors
B A price index
C A demand index
D A supply index
E The use of cheque

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Question 1692:

The efficiency of a country's labour force depends on all the following except

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A Improved working conditions
B Better and health care facilities
C Adequate training
D Stable economy
E Frequent strikes and lock-outs

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Question 1693:

which of the following is a bank's responsibility to it's shareholders?

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A Making profits
B Creating money
C Paying high interest rate
D Preventing inflation
E Issuing currencies

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Question 1694:

Deficit financing means

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A Receiving grants from the IMF
B Having budget surplus
C Excessive government spending on banks
D Borrowing to finance a budget
E Inadequate supply of money from the finance companies

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Question 1695:

Development banks mainly provides

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A Savings account facilities for a developing economy
B Foreign exchange facilities for importers and exporters
C Capital for development of specific sectors
D Capital for hire-purchase of machinery
E Capital for the development of special banks

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