Question 1The most popular sizes of dresses and shoes are determined by the A.Range B.Mode C.Mean D.median Objective Show full explanation
Question 2The ultimate aim of agricultural policies in Nigeria is to achieveA.Food sufficiency B.Full employment C.Industrialization D.Industrial capacity utilization. Objective Show full explanation
Question 3Which of these is not a social service A.Sanitary inspector B.Community nurse C.An artist worker D.University lecturer Objective Show full explanation
Question 4In Nigeria the huge public debt is as a result of A.Zero budgeting B.Balanced budgeting C.Surplus budgeting D.Deficit budgeting.Objective Show full explanation
Question 5Which of the following can be used to differentiate skilled and unskilled labour? A.Education and training B.Available resources C.Level of commitment D.Salaries and wages. Objective Show full explanation
Question 6Division of labour ultimately leads to A.Conservation B.Integration C.Specialization D.Repetition Objective Show full explanation
Question 7A characteristic of money which ensures that its value is not lost is A.Homogeneity B.Easy portability C.Divisibility D.Relative scarcity Objective Show full explanation
Question 9Which of these is not a means of reducing the population of country? A.Emigration B.Family planning C.Early marriage D.Sex education Objective Show full explanation
Question 10Which of the following is not a problem encountered in distributionA.Authentics of middlemen B.Hoarding C.Large market D.Poor road network Objective Show full explanation
Question 11_______ is the study of small economics A.Macro-economics B.Limited economics C.Micro-economics D.Pure economics Objective Show full explanation
Question 12Physical and mental efforts of a man directed to production is called A.Demand B.Labour C.Capital D.Resources Objective Show full explanation
Question 13An excess demand for beans will result from A.Decrease in the supply of beans B.An increase in the price of beans C.A decrease in the price of beans. D.An increase in the supply of beans. Objective Show full explanation
Question 14Fixing price above equilibrium will cause A.Demand and supply to remain constant B.An increase in the quantity supplied C.An increased in demandD.A decreased in quantity supplied. Objective Show full explanation
Question 15The cost elasticity of supply is a useful instrument in measuring A.Profit B.Productivity C.National income D.Price index Objective Show full explanation
Question 16An emerging agricultural export crop in Nigeria is A.Cassava B.Cotton C.Cocoa D.Soya beans Objective Show full explanation