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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
1666
The difference between the Gross Domestic Product (GDP) and the Gross National Product (GNP) is the
  • A. allowance for total depreciation
  • B. total interest payment
  • C. net income from abroad
  • D. total tax and interest payment
  • E. net internally generated income
View Answer & Discuss WAEC 1994
1667
one of the function of a commercial bank is that it
  • A. is responsible for formulating monetary policies
  • B. accepts demand and time deposits from constomers
  • C. is the lender of the last resort
  • D. is the banker of the government
  • E. is responsible for issuing currency notes
View Answer & Discuss WAEC 1994
1668
which of the following is not a problem of distribution of goods in Nigeria?
  • A. poor communication network
  • B. inadequate storage facilities
  • C. ignorance of consumers
  • D. Dishonesty of middlemen
  • E. inadequate market
View Answer & Discuss WAEC 1994
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1669
Mr Idowu needs a television and a refrigerator. Each cost N500.00, the exact amount he has . If Mr. Idowu buys the television , the refrigerator would be regarded as the
  • A. marginal cost
  • B. inferior item
  • C. opportunity cost
  • D. supplementary item
  • E. prime cost
View Answer & Discuss WAEC 1994
1670
Petro-chemicals industries are located in River State of Nigeria due to the presence of
  • A. a favourable climate
  • B. coal deposits
  • C. oil palm products
  • D. an undullating terrain
  • E. oil deposits
View Answer & Discuss WAEC 1994
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