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Question 1
A
It is always successful  
B
Continuity is no problem  
C
Control and supervision is under one man  
D
Inter-generational equity is assured  
Explanation.
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Correct Option:
C

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Question 2
A
Goods are produced in the factory  
B
Goods are sold to the wholesalers  
C
Prices are fixed for goods and services  
D
Goods and services finally reach the consumer  
Explanation.
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Correct Option:
D

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Question 3
A
He buys only the one item that gives him most total satisfaction  
B
The marginal utility he gets from the last unit of item is the same  
C
The marginal utility he gets from the last naira spent on each item is the same  
D
The total amount of money he spends on each item is the same  
Explanation.
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Correct Option:
C

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Question 4
A
bankers to the government  
B
bankers to commercial banks  
C
merchant banks  
D
controllers and regulators of money supply  
Explanation.
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Correct Option:
C

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Question 5
A
is higher in developing countries than advanced countries  
B
is lower in developing countries than advanced countries  
C
is the same in both developing and advanced countries  
D
grows as the economy develop  
Explanation.
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Correct Option:
A

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Question 6
A
there are many sellers and a few buyers  
B
goods are sold at different price  
C
entry is not blocked, but no one cares to enter  
D
None of the above  
Explanation.
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Correct Option:
D



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Question 9
A
by using coins and paper money  
B
by borrowing money from banks abroad  
C
by receiving deposit from individuals  
D
by printing money on the instruction of the central bank  
Explanation.
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Correct Option:
C


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