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Economics 2002 NECO 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
1
If government in a fiscal year has its revenue receipts less than the expenditure, such country is having
  • A. balanced budget
  • B. deficit budget
  • C. favorable budget
  • D. surplus budget
  • E. unfavorable budget
View Answer & Discuss (4) NECO 2002
2
The act of cultivating land and rearing of animal for man’s use is
  • A. agriculture
  • B. mono culture
  • C. forestry
  • D. aqua-science
  • E. horticulture
View Answer & Discuss NECO 2002
3
An economic system in which individual control the productive resources is known as
  • A. capitalism
  • B. communism
  • C. freedomism
  • D. socialism
  • E. welfarism
View Answer & Discuss (1) NECO 2002
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4
The contribution of petroleum to the economy of nigerian is most prominent in the area of
  • A. employment generation
  • B. fuel provision
  • C. infrastructural development
  • D. revenue generation
  • E. technical know-how
View Answer & Discuss NECO 2002
5
The Nigerian indigenization decree process involves
  • A. 5 phases
  • B. 6 phases
  • C. 4 phases
  • D. 3 phases
  • E. 2 phases
View Answer & Discuss NECO 2002
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