Year :
1995
Title :
Economics
Exam :
WASSCE/WAEC MAY/JUNE
Paper 1 | Objectives
31 - 39 of 39 Questions
| # | Question | Ans |
|---|---|---|
| 31. |
Net National Product (NNP) is equal to the A. Gross Domestic Product (GDP) less depreciation B. Gross National Products (GNP) less depreciation C. Gross Domestic Products (GDP) plus depreciation D. Gross National Products (GNP) plus depreciation E. Gross National Income plus Taxation |
B |
| 32. |
Terms of trade simply means the price A. ratio of import to export B. ratio of export multiplied by import C. ratio of export to import D. ratio of export multiplied by price ratio of import E. of export minus price of import |
C |
| 33. |
Balance of trade can be define as A. the value of import in relation to the value of a country's exports B. the price ratio of imports as against that of exports C. equality in the total receipts and payments of a country in a year D. percentage value of imports over percentage value of exports E. price of exports versus price of imports |
A |
| 34. |
Which of the following is not a feature of a perfect market? A. large number of buyersand sellers B. Homogeneity of products C. Preferential treatment D. Absence of transport cost E. Perfect knowledge of market situation |
C |
| 35. |
Which of the following is the source of raising funds for a public limited liability company in West Africa? A. Bank loans B. issue of shares C. issue of debentures D. ploughing back profits E. Sales of bonds |
E |
| 36. |
Which of the following is not an objective of the Indigenisaton policy in Nigeria? To A. Make Nigerians dominate their economy B. increase Nigerians participation in the economy C. prevent foreign monopoly of the economy D. eliminate foreign participation in the Nigerian economy E. protect the national interst and security |
D |
| 37. |
Where was oil first discovered in commercial quantities in Nigeria? A. Oloibiri B. Warri C. Elesa Eleme D. Onitsha E. Port Harcourt |
A |
| 38. |
Where is the headquarter of the African Development Bank (ADB) located? A. Lome B. Adis Ababa C. Accra D. Lagos E. Abdijan |
E |
| 39. |
International trade takes place because of difference in A. production cost B. language C. government policy D. currency E. international boundary |
A |
| 31. |
Net National Product (NNP) is equal to the A. Gross Domestic Product (GDP) less depreciation B. Gross National Products (GNP) less depreciation C. Gross Domestic Products (GDP) plus depreciation D. Gross National Products (GNP) plus depreciation E. Gross National Income plus Taxation |
B |
| 32. |
Terms of trade simply means the price A. ratio of import to export B. ratio of export multiplied by import C. ratio of export to import D. ratio of export multiplied by price ratio of import E. of export minus price of import |
C |
| 33. |
Balance of trade can be define as A. the value of import in relation to the value of a country's exports B. the price ratio of imports as against that of exports C. equality in the total receipts and payments of a country in a year D. percentage value of imports over percentage value of exports E. price of exports versus price of imports |
A |
| 34. |
Which of the following is not a feature of a perfect market? A. large number of buyersand sellers B. Homogeneity of products C. Preferential treatment D. Absence of transport cost E. Perfect knowledge of market situation |
C |
| 35. |
Which of the following is the source of raising funds for a public limited liability company in West Africa? A. Bank loans B. issue of shares C. issue of debentures D. ploughing back profits E. Sales of bonds |
E |
| 36. |
Which of the following is not an objective of the Indigenisaton policy in Nigeria? To A. Make Nigerians dominate their economy B. increase Nigerians participation in the economy C. prevent foreign monopoly of the economy D. eliminate foreign participation in the Nigerian economy E. protect the national interst and security |
D |
| 37. |
Where was oil first discovered in commercial quantities in Nigeria? A. Oloibiri B. Warri C. Elesa Eleme D. Onitsha E. Port Harcourt |
A |
| 38. |
Where is the headquarter of the African Development Bank (ADB) located? A. Lome B. Adis Ababa C. Accra D. Lagos E. Abdijan |
E |
| 39. |
International trade takes place because of difference in A. production cost B. language C. government policy D. currency E. international boundary |
A |