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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
3001
The Nigerian indigenization decree process involves
  • A. 5 phases
  • B. 6 phases
  • C. 4 phases
  • D. 3 phases
  • E. 2 phases
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3002
Transcationary motive implies, holding money
  • A. for future investment
  • B. for day to day expenses
  • C. for unforeseen contingencies
  • D. to settle previous debts
  • E. to buy share in the stock exchange market
View Answer & Discuss NECO 2002
3003
One of the fundamental economic problem of every society is
  • A. allocation of scarce resource
  • B. availability of market
  • C. consumption pattern of inhabitant
  • D. presence of middle man
  • E. inadequate labour force
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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3004
Which of these is NOT associated with the problem of internal trade?
  • A. bargaining
  • B. lack of specialization
  • C. market trade unions
  • D. natural barriers
  • E. large number of middlemen
View Answer & Discuss NECO 2002
3005
A market situation with few sellers and many buyers is called
  • A. monopoly
  • B. duopoly
  • C. oligopoly
  • D. perfect competition
  • E. monopsony
View Answer & Discuss NECO 2002
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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