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Economics Past Questions

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1931
The primary objectives of the Nigerian Industrial Development Banks(NIDB) is the provision of loans to
  • A. farmers
  • B. manufacturers
  • C. setate agents
  • D. transporters
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1932
Small enterprises finds it difficult to expand due to
  • A. inadequate capital
  • B. lack of skilled manpower
  • C. the high level of technology required for expansion
  • D. their inability to provide after-sale services
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1933
The Organization of Petroleum Exporting Countries (OPEC) is a
  • A. cartel
  • B. duopoly
  • C. monopoly
  • D. monopsony
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1934
One major export crop in West Africa is
  • A. rice
  • B. maize
  • C. palm kernel
  • D. cocoa
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1935
Balance of payment deficit implies that a country is
  • A. importing more than she is exporting
  • B. consumed less than she is producing
  • C. living below her means
  • D. more productive than others
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