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Economics WAEC Past Questions

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501
Commercial banks settle their inter-bank indebtedness through
  • A. merchant banks
  • B. central banks
  • C. development banks
  • D. stock exchange
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502
which of the following banks grant credit facilities to individuals wishing to build houses?
  • A. Central Bank of Nigeria
  • B. Nigerian Industrial Development Bank
  • C. Agricultural Credit Bank
  • D. Federal Mortgage Bank of Nigeria
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503
Unemployment that arises because of introduction of new machines and equipment in production is called
  • A. cyclical
  • B. structural
  • C. seasonal
  • D. disguised
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504
Mono-product economies are those that produce
  • A. only intermediate products
  • B. petroleum products
  • C. agricultural products
  • D. one main commodity
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505
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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