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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1716
Balance of trade can be define as
  • A. the value of import in relation to the value of a country's exports
  • B. the price ratio of imports as against that of exports
  • C. equality in the total receipts and payments of a country in a year
  • D. percentage value of imports over percentage value of exports
  • E. price of exports versus price of imports
View Answer & Discuss WAEC 1995
1717
Which of the following is not a feature of a perfect market?
  • A. large number of buyersand sellers
  • B. Homogeneity of products
  • C. Preferential treatment
  • D. Absence of transport cost
  • E. Perfect knowledge of market situation
View Answer & Discuss WAEC 1995
1718
Which of the following is the source of raising funds for a public limited liability company in West Africa?
  • A. Bank loans
  • B. issue of shares
  • C. issue of debentures
  • D. ploughing back profits
  • E. Sales of bonds
View Answer & Discuss WAEC 1995
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1719
Which of the following is not an objective of the Indigenisaton policy in Nigeria? To
  • A. Make Nigerians dominate their economy
  • B. increase Nigerians participation in the economy
  • C. prevent foreign monopoly of the economy
  • D. eliminate foreign participation in the Nigerian economy
  • E. protect the national interst and security
View Answer & Discuss (1) WAEC 1995
1720
Where was oil first discovered in commercial quantities in Nigeria?
  • A. Oloibiri
  • B. Warri
  • C. Elesa Eleme
  • D. Onitsha
  • E. Port Harcourt
View Answer & Discuss WAEC 1995
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