2000 - WAEC Economics Past Questions and Answers - page 5
41
Commercial banks settle their inter-bank indebtedness through
A
merchant banks
B
central banks
C
development banks
D
stock exchange
Ask EduPadi AI for a detailed answer
Share this question
42
which of the following banks grant credit facilities to individuals wishing to build houses?
A
Central Bank of Nigeria
B
Nigerian Industrial Development Bank
C
Agricultural Credit Bank
D
Federal Mortgage Bank of Nigeria
Ask EduPadi AI for a detailed answer
Share this question
43
Unemployment that arises because of introduction of new machines and equipment in production is called
A
cyclical
B
structural
C
seasonal
D
disguised
Ask EduPadi AI for a detailed answer
Share this question
44
Mono-product economies are those that produce
A
only intermediate products
B
petroleum products
C
agricultural products
D
one main commodity
Ask EduPadi AI for a detailed answer
Share this question
45
The primary objectives of the Nigerian Industrial Development Banks(NIDB) is the provision of loans to
A
farmers
B
manufacturers
C
setate agents
D
transporters
Ask EduPadi AI for a detailed answer
Share this question
46
Small enterprises finds it difficult to expand due to
A
inadequate capital
B
lack of skilled manpower
C
the high level of technology required for expansion
D
their inability to provide after-sale services
Ask EduPadi AI for a detailed answer
Share this question
47
The Organization of Petroleum Exporting Countries (OPEC) is a
A
cartel
B
duopoly
C
monopoly
D
monopsony
Ask EduPadi AI for a detailed answer
Share this question
48
One major export crop in West Africa is
A
rice
B
maize
C
palm kernel
D
cocoa
Ask EduPadi AI for a detailed answer
Share this question
49
Balance of payment deficit implies that a country is
A
importing more than she is exporting
B
consumed less than she is producing
C
living below her means
D
more productive than others
Ask EduPadi AI for a detailed answer
Share this question
50
West African countries have low level of economic development due to
A
under-population
B
inadequate labour
C
failure to plan
D
ineffective plan implementation
Ask EduPadi AI for a detailed answer
Share this question