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Economics WAEC Past Questions

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591
Which of the following is a function of merchant banks?
  • A. minting of coins
  • B. preparation of government budget
  • C. keeping watch on external reserves of the country
  • D. acting as acceptance houses
View Answer & Discuss WAEC 2002
592
personal savings are generally low in West Africa because of
  • A. the level of income of people
  • B. the refusal of banks to grant loans
  • C. overpopulation
  • D. cheaper foreign currencies
View Answer & Discuss WAEC 2002
593
Which business organization enjoys tax-free point in est Africa?
  • A. co-operative societies
  • B. private limited liability companies
  • C. joint stock companies
  • D. partnerships
View Answer & Discuss WAEC 2002
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594
The greatest revenue earning industry in Nigeria is
  • A. construction
  • B. agriculture
  • C. manufacturing
  • D. mining
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595
A market equilibrium exist when
  • A. no buyer goes home empty-handed
  • B. demand and supply are increasing
  • C. demand and supply are equal
  • D. the price is fluctuating
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