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Economics 2007 NECO Past Questions

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41
The African Development Bank was set up in 1964 and has its headquarters in
  • A. Burkina Faso
  • B. Ivory Coast
  • C. Liberia
  • D. Niger Republic
  • E. Senegal
View Answer & Discuss (2) NECO 2007
42
The Industrial strategy of producing locally those goods that could have been imported is known as
  • A. balance growth
  • B. export promotion
  • C. import substitution
  • D. Industrialization
  • E. urbanization
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43
Which of the following Is NOT a function of Merchant Bank
  • A. Helps public companies to issue new shares
  • B. Provision of medium and long-term loans
  • C. They accept bills of exchange
  • D. They guarantee the buying of shares
  • E. They implement government monetary policies
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44
Goods that are useful, scarce and can command price are called …………. goods.
  • A. capital
  • B. consumer
  • C. economic
  • D. free
  • E. scarce
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45
The equation MV PT is known as
  • A. demand and supply equation
  • B. equilibrium equation
  • C. equation of exchange
  • D. money supply equation
  • E. price index numbers
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