Year :
2004
Title :
Economics
Exam :
WASSCE/WAEC MAY/JUNE
Paper 1 | Objectives
21 - 30 of 46 Questions
| # | Question | Ans |
|---|---|---|
| 21. |
One main benefit of partnership is A. the possibility of raising funds on the stock exchange B. the possibility of attracting twenty one or more members C. that members can specialize in various functions D. that it enjoys its own separate legal entity |
C |
| 22. |
Joint ventures are partnerships involving A. the poor and the rich B. employers and workers C. government and private investors D. multinationals and individuals |
C |
| 23. |
The value of money is best determined by A. input-output ratio B. the purchasing power C. the importance people attach to it D. economies of scale |
B |
| 24. |
Which of the following will be an effect of inflation? A. wage earners will gain B. borrowing of money will be restricted C. money lenders will gain D. borrowers of money will gain |
D |
| 25. |
Government can control inflation by A. printing more money B. reducing the rate of taxes C. reducing the level of expenditures D. establishing more banks |
C |
| 26. |
The market consisting of a network of dealers where currencies can be bought and sold is known as A. capital market B. foreign exchange market C. commodity market D. the stock market |
B |
| 27. |
Open Market Operation (OMO) means the A. provision of credit facilities by commercial banks B. provision of credit facilities by the mortgage banks C. buying and selling of government securities by the central banks D. procedure for the establishment of commercial banks |
C |
| 28. |
Which of the following is an advantage of localization of industry? A. development of subsidiary firms B. creation of paralell markets C. developments of slums D. atrraction of foreign capital |
A |
| 29. |
Which of the following will ensure efficiency in the in the industrial sector of your country? A. indigenization B. privatisation C. nationalization D. liquidation |
B |
| 30. |
The number of people who are qualified to work and who offer themselves for employment are called A. migrant labour B. working population C. labour turnover D. mobility of labour |
B |
| 21. |
One main benefit of partnership is A. the possibility of raising funds on the stock exchange B. the possibility of attracting twenty one or more members C. that members can specialize in various functions D. that it enjoys its own separate legal entity |
C |
| 22. |
Joint ventures are partnerships involving A. the poor and the rich B. employers and workers C. government and private investors D. multinationals and individuals |
C |
| 23. |
The value of money is best determined by A. input-output ratio B. the purchasing power C. the importance people attach to it D. economies of scale |
B |
| 24. |
Which of the following will be an effect of inflation? A. wage earners will gain B. borrowing of money will be restricted C. money lenders will gain D. borrowers of money will gain |
D |
| 25. |
Government can control inflation by A. printing more money B. reducing the rate of taxes C. reducing the level of expenditures D. establishing more banks |
C |
| 26. |
The market consisting of a network of dealers where currencies can be bought and sold is known as A. capital market B. foreign exchange market C. commodity market D. the stock market |
B |
| 27. |
Open Market Operation (OMO) means the A. provision of credit facilities by commercial banks B. provision of credit facilities by the mortgage banks C. buying and selling of government securities by the central banks D. procedure for the establishment of commercial banks |
C |
| 28. |
Which of the following is an advantage of localization of industry? A. development of subsidiary firms B. creation of paralell markets C. developments of slums D. atrraction of foreign capital |
A |
| 29. |
Which of the following will ensure efficiency in the in the industrial sector of your country? A. indigenization B. privatisation C. nationalization D. liquidation |
B |
| 30. |
The number of people who are qualified to work and who offer themselves for employment are called A. migrant labour B. working population C. labour turnover D. mobility of labour |
B |