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3191
Which of the following is a disadvantage of sole proprietorship?
  • A. Does not enjoy limited liability
  • B. Decisions are easily made and implemented
  • C. Easy to set up
  • D. Enjoys secrecy
  • E. Maintains dose relationship with workers and customers
View Answer & Discuss NECO 2007
3192
which of the following measures can be used to control inflation?
  • A. decrease in bank rate
  • B. Decrease in taxation
  • C. deficit budget
  • D. Export drive
  • E. Increase in government expenditure
View Answer & Discuss NECO 2007
3193
The following methods are used in calculation of National Income EXCEPT
  • A. depreciation
  • B. Expenditure
  • C. Income
  • D. Output
  • E. value added
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3194
A deliberate government policy to exclude foreign participation in certain economic activity is known as
  • A. commercialization
  • B. indigenization
  • C. liberalization
  • D. localization
  • E. privatization
View Answer & Discuss NECO 2007
3195
The following measures used to check deflation EXCEPT
  • A. deficit financing
  • B. improving distribution system
  • C. increasing wages and salaries
  • D. raising the bank rate
  • E. reducing taxation
View Answer & Discuss NECO 2007
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts