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Economics WAEC Past Questions

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56
The clearing house of all commercial banks in Nigeria is the
  • A. General Post Office
  • B. Bnak forCommerce and Industry
  • C. Nigerian Industrial Development Bank
  • D. Mortgage Bank
  • E. Central Bnak
View Answer & Discuss WAEC 1989
57
One of the advantages of Sole Proprietor is that
  • A. risks are unlimited
  • B. technological progress is often out of reach
  • C. shares and stocks can be issued to raise funds
  • D. initiatives can be used in all cases
  • E. it folds up in the case of death, lunacy or insolvency
View Answer & Discuss WAEC 1989
58
which of the following does not hinder the efficient of distribution of goods in West Africa?
  • A. inadequate transportation network
  • B. inadequate storage facilities for agricultural goodss
  • C. inadequate credit facitlities for potential distributors
  • D. Government participation in the distributive trade
  • E. The tendency to hoard and smuggle
View Answer & Discuss WAEC 1989
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59
which of the following categories of people do not gain during inflation?
  • A. Debtors
  • B. businessmen
  • C. Shareholders
  • D. Investors
  • E. Creditors
View Answer & Discuss WAEC 1989
60
one of the argument against he presence of middlemen in the distribution chain is that they
  • A. cause increase in the price of commodities
  • B. are commissioned agents
  • C. helps in keeping price stable
  • D. grade and blend goods
  • E. can be found almost everywhere
View Answer & Discuss WAEC 1989
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