Economics Past Questions

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3166

Production is said to be complete when goods and services gets to the

A. consumers
B. distributors
C. retailers
D. warehouses
E. wholesalers

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3167

An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry.

A. construction
B. conversion
C. manufacturing
D. mining
E. processing

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3168

If two bags of rice were sold for N1,250 a mouth ago and two weeks later, the same amount was used to procure one bag. This simply means that the value of money is

A. constant
B. decreasing
C. fluctuating
D. increasing
E. proportional

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3169

The following are the objectives of agricultural policies in Nigeria EXCEPT

A. provision of food
B. provision of agricultural raw materials to industrial sectors
C. increasing prices of agricultural Inputs
D. creation of rural employment

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3170

Stock exchange market deals with

A. exchange of commodities
B. exchange of stock fish for stock
C. exchange of treasury bills
D. sales of foreign exchange
E. sales of second hand securities

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