1991 - WAEC Economics Past Questions and Answers - page 3
21
The natural growth rate of a population is the
A
sum of the birth rate and death rate
B
sum of the birth rate and the net immigration rate
C
birth rate minus the death rate
D
birth rate divided by the net immigration
correct option: c
Users' Answers & Comments22
in the event of a limited liability company going into liquidation, each shareholder
A
may lose a maximum of the amount he has invested
B
lose nothing
C
loses everything including his house
D
may have unlimited liability
correct option: a
Users' Answers & Comments23
Which of the following are direct taxes?
A
Sale taxes
B
Excise duties
C
income and company taxes
D
Tarrif duties
correct option: c
Users' Answers & Comments24
Which of the following is a function of money? It is
A
portable
B
A standard of diferred payment
C
relatively stable in value
D
generally acceptable
correct option: b
Users' Answers & Comments25
The productivity of labour does not depend only o its own effort and efficiency, but also on I the level of technical knowledge II. the quality of other factors III. racial qualities which allow persons from certain races to have good physique and be very active . Which of the above statements is /are correct?
A
I only
B
I and II only
C
I and III only
D
II and III only
correct option: b
Users' Answers & Comments26
A tax is said to be good when
A
it yields more revenue to the state at the expense of the people's ability to pay
B
the cost of collecting it is equal to the revenue it generates
C
it is imposed so suddenly that no one can dodge its payment
D
its payment causes minimum incovenience to the tax payer
correct option: d
Users' Answers & Comments27
Which of the following is a public corporation?
A
Roads (Nigeria) Plc
B
National Oil and Chemical Marketing Co. Plc
C
Union Bank of Nigeria Plc
D
Volkswagen of Nigeria Plc
correct option: e
Users' Answers & Comments28
In a sole proprietorship decisions are made by the
A
government
B
owner
C
shareholder's conference
D
management
correct option: b
Users' Answers & Comments29
Which of the following statements is not true in an inflationary period?
A
the purchasing power diminishes
B
Wages rise simultaneously with prices
C
More money runs after a limited quantity of goods
D
Fixed income earners lose
correct option: b
Users' Answers & Comments30
Palm oil industry in located in Bendel State because the state
A
imports raw materials for the industry
B
has a poor soil which is unsuitable for other crops
C
is a palm-tree growing area
D
government does not engage in the growing of other crops
correct option: c
Users' Answers & Comments