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Economics Past Questions

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
3216
The Industrial strategy of producing locally those goods that could have been imported is known as
  • A. balance growth
  • B. export promotion
  • C. import substitution
  • D. Industrialization
  • E. urbanization
View Answer & Discuss NECO 2007
3217
Which of the following Is NOT a function of Merchant Bank
  • A. Helps public companies to issue new shares
  • B. Provision of medium and long-term loans
  • C. They accept bills of exchange
  • D. They guarantee the buying of shares
  • E. They implement government monetary policies
View Answer & Discuss NECO 2007
3218
Goods that are useful, scarce and can command price are called …………. goods.
  • A. capital
  • B. consumer
  • C. economic
  • D. free
  • E. scarce
View Answer & Discuss NECO 2007
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3219
The equation MV PT is known as
  • A. demand and supply equation
  • B. equilibrium equation
  • C. equation of exchange
  • D. money supply equation
  • E. price index numbers
View Answer & Discuss (1) NECO 2007
3220
Plantation farming can best be defined as cultivation of
  • A. crops using hoes and cutlasses for farming
  • B. food crops for personal consumption
  • C. food for use by the family
  • D. large scale farms of cash crops
  • E. livestock for commercial purposes
View Answer & Discuss NECO 2007
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