2001 - WAEC Economics Past Questions and Answers - page 3
21
Which of the following business units can issue shares?
A
Sole trader
B
private limited companies
C
Cenyral Banks
D
Super market
correct option: b
Users' Answers & Comments22
When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being
A
indigenized
B
restructured
C
privatized
D
commercialized
correct option: d
Users' Answers & Comments23
which of the following is not a trade union in Nigeria?
A
Nigerian Labour Congress
B
Academic Staff Union of Universities
C
Nigerian Ecoonomic Society
D
Nigerian Union of Journalists
correct option: c
Users' Answers & Comments24
The monopolist power can be controlled by the government through
A
labour union
B
price legislation
C
import restrictions
D
export promotion
correct option: b
Users' Answers & Comments25
Which of the following is not a condition for a perfect market?
A
homogenous commodity
B
ignorance of consumers
C
perfect information
D
free entry and exit
correct option: b
Users' Answers & Comments26
The reward for a shareholdership of a company is
A
wages
B
interest
C
dividends
D
profit
correct option: c
Users' Answers & Comments27
In a public corporation , the risks of business are borne by the
A
workers
B
tax payers
C
board members
D
treasury
correct option: b
Users' Answers & Comments28
One of the function of money is
A
double coincidence of wants
B
unit of accounts
C
indivisibility
D
making payment through banks only
correct option: b
Users' Answers & Comments29
Money is demanded for which of the following reasons?
A
to meet unforseen contigencies
B
to solve the problem of inflation
C
it is easily divisible
D
it is portable
correct option: a
Users' Answers & Comments30
The quantity theory of money states that a reduction in the quantity of money in circulation would bring about
A
a geometrical fall in prices
B
a proportionate fall in prices
C
a rise in prices
D
an unequal fall in prices
correct option: b
Users' Answers & Comments