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Economics 1994 WAEC 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
6
The primary objective of Agricultural Credit Guarantee Scheme is the provision of
  • A. guarantee for loans granted by by banks for agricultural purposes
  • B. agricultural inputs to facilitate credits from banks
  • C. loans for every farmer
  • D. agricultural products for farmers
  • E. credit for farmers
View Answer & Discuss WAEC 1994
7
which of the following is not an advantage of localization of industries ?
  • A. enjoyment of externa economies
  • B. development of subsidiary industries
  • C. development of organized markets
  • D. growth of conurbation
  • E. growth of farms
View Answer & Discuss (1) WAEC 1994
8
Which of the following is not an advantage of government ownership of enterprises?
  • A. more capital is provided
  • B. pricing policy may be in the interest of consumers
  • C. Government workers may be indifferent towards the public
  • D. infrastructure are rapidly developed
  • E. incomes may be more evenly distributed
View Answer & Discuss WAEC 1994
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9
if the foreign exchange rate is N80 to £1, then a bicycle bought for £40 will cost
  • A. N15.00
  • B. N60.00
  • C. N100.00
  • D. N250.00
  • E. N320.00
View Answer & Discuss (2) WAEC 1994
10
The central banks controls commercial banks through all the following measures except
  • A. The uses of directives
  • B. The use of bank rate
  • C. Open market operations
  • D. Accepting deposits
  • E. Demanding special deposits
View Answer & Discuss WAEC 1994
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