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1.
One of the major uses of national income statistics in Nigeria is to
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A.
Equally distribute national income among citizens
B.
Determine the total population
C.
Compare population growth among nations
D.
Estimate per capita income

2.
The major characteristics of an undeveloped nation is
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A.
Over-dependence on foreign products
B.
Dominance of the industrial sector
C.
High per capita income
D.
Efficient and sensitive financial sector

3.
Which is of the following is NOT among the financial institutions in Nigeria?
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A.
Federal Mortgage Bank
B.
Microfinance Banks
C.
Insurance Banks
D.
Federal Ministry of Finance

4.
Given 0.25, 1.25, 1.80, 1.110, 10.20, 10.15 and 1.55.
Determine the range?
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A.
0.25
B.
10
C.
1.55
D.
9.95

5.
One of the problems facing the Nigerian oil and gas industry is____________________?
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A.
Over-capacity utilization
B.
The discovery of alternative oil sources
C.
Shortage of indigenous manpower
D.
The excess supply of petroleum products

6.
The demand curve faced by a monopolist is_____?
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A.
Positively sloped
B.
Vertical
C.
Horizontal
D.
Negatively Sloped

7.
The interest charged on loans is determined by the __________?
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A.
Exchange rate
B.
Fiscal policy
C.
Risk associated with the loan
D.
Rate of production in the country

8.
A country that is over-populated will face the problem of
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A.
Low birth rate
B.
Low per capita income
C.
High wage rate
D.
Full employment

9.
If additional unit of a variable factor input causes a fall in the marginal product, this implies that
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A.
Total product starts declining
B.
Average product has become zero
C.
Diminishing returns has set in
D.
Increasing returns is operating

10. q-image

From the graph above P2 in price control situation is referred

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A.

Minimum price

B.

Shut-down price

C.

Maximum price

D.

Mark-up price


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