Economics II | Study Mode

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Question 31
A
Operation feed the Nation
B
Nigerian Youth Service Corps
C
Research in Agric & Extension services
D
Mechanization of Agriculture
Explanation

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Correct option: B
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Question 32
A
graded commodities like wheat, flour, etc are sold and bought
B
currencies are sold and bought
C
treasury bills are sold and bought
D
government bonds are sold and bought
Explanation

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Correct option: B
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Question 33
A
Increasing Marginal utility
B
Increasing costs
C
Constant returns to scale
D
Increasing returns to scale
Explanation

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Correct option: D
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Question 34
A
commercial bills
B
call money
C
treasury bills
D
development loan stocks
Explanation

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Correct option: D
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Question 35
A
cross-elasticity of demand
B
elasticity of supply
C
competitive demand
D
joint demand
Explanation

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Correct option: A
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Question 36
A
advances
B
deposits
C
treasury bills
D
overdrafts
Explanation

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Correct option: B
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Question 37
A
cash
B
deposits
C
loans and advances
D
capital and reserves
Explanation

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Correct option: B
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Question 38
A
a commodity market
B
an import licensing centre
C
a cheque sorting centre
D
another name for the Lagos stock exchange
Explanation

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Correct option: B
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Question 39
A
a regressive tax
B
a progressive tax
C
an indirect tax
D
a direct tax
Explanation

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Correct option: B
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Question 40
A
the population is too large
B
the policemen hate to arrest people
C
while it is fairly easy to control producers and foreign firms, smaller distributors are too many to be controlled
D
too many things are produced in the country
Explanation

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Correct option: C

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