IMSU Economics 2020/2021 Model Past Questions

Practice each question, then open it to see the full details.

The demand for a commodity not directly for immediate consumption but for the production of another commodity is:

A.joint demand
B.composite demand
C.derived demand
D.competitive demand

Which of the following is not a form of business organization

A.A sole proprietorship
B.Cartel
C.Partnership
D.Joint stock

The foreign exchange market is a market where

A.graded commodities like what flour, etc are sold and bought
B.currencies are sold and bought
C.treasury bills are sold and bought
D.government bonds are sold and bought

Which of the following financial assets consist the lowest rate of interest in Nigeria?

A.commercial bills
B.call money
C.treasury bills
D.development loan stocks

The effect of the demand of a product A. caused by a change in the price of a product B is called?

A.cross-elasticity of demand
B.elasticity of supply
C.competitive demand
D.composite demand