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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
4201

Citizens are protected from the government's arbitrariness in taxation by the canon of

  • A. elasticity
  • B. flexibility.
  • C. economy
  • D. certainty
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4202

What happens when the central bank increases the bank rate?

  • A. Amount of borrowing increases
  • B. Amount of borrowing decreases
  • C. Supply of money increases
  • D. Commercial banks are not affected
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4203

Insurance Companies are similar to commercial banks in that they

  • A. Compensate their customers for losses
  • B. act as lender of last resort
  • C. help in maintaining monetary stability in a nation
  • D. help in mobilizing savings for investment
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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4204

In most developing countries, a large percentage of the labour force is engaged in

  • A. trading
  • B. mining
  • C. agriculture
  • D. manufacturing
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4205

In most underdeveloped countries, development plans do not achieve their objective due to

  • A. poor coordination between local and national governments
  • B. exportation of more primary products
  • C. lack of educational institutions in those countries
  • D. urban-rural migration of citizens
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208