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Economics WAEC Past Questions

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321
Development banks mainly provides
  • A. savings account facilities for a developing economy
  • B. foreign exchange facilities for importers and exporters
  • C. capital for development of specific sectors
  • D. capital for hire-purchase of machinery
  • E. capital for the development of special banks
View Answer & Discuss WAEC 1996
322
In calculating the Gross National Product (GNP) by the income approach , all the following are included except
  • A. wages and salaries
  • B. direct taxes paid by persons and companies
  • C. rents on houses
  • D. retirement benefits
  • E. business profits
View Answer & Discuss WAEC 1996
323
Exchange control is a weapon used in regulating
  • A. Internal trade
  • B. Stock exchange
  • C. Foreign exchange
  • D. Barter trade
  • E. Exchange of personal properties
View Answer & Discuss (2) WAEC 1996
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
324
The current and capital accounts in Nigeria’s balance of payments contain all the following items except
  • A. oil export
  • B. receipts for shipping services
  • C. cost of aviation
  • D. foreign investment
  • E. IMF Standard Drawing Right (SDR)
View Answer & Discuss WAEC 1996
325
Who bears the greater burden of the indirect tax when the demand for a commodity is inelastic? The
  • A. wholesaler
  • B. shareholders
  • C. retailer
  • D. consumers
  • E. entreprenuer
View Answer & Discuss WAEC 1996
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