NDA Economics 2018/2019 Past Questions

Scale of Preference is referred to as the:

The concept of privatization presupposes

The demand for money is referred to as the ____.

One of the characteristics of a monopolist is that, he can influence ____.

One of the goals of development plans in Nigeria is to ____.

Want satisfying capacity of a commodity is called ____.

In a command economy, resource allocation is managed primarily by____.

Law of diminishing marginal utility is also called ____.

Which of the following types of inflation would result if the price level rose because of an increase in the price of raw materials?

Creation of utility is known as ____.

An economy is in the midst of a recession. An example of a government policy aimed at moving the economy back on the path of positive growth is an ___.

The current Governor of the Central Bank of Nigeria is ___.

Which of the following is NOT a regulator in the Nigerian financial services sector?

Which of these is not a traditional factor of production?

The largest tax collected at the Federal Government level is the ___.

The population of a county x in 1990 was 35 million. The births were 450,000 while it recorded 210,000 deaths. If in the same year, its immigrants were 20,000 and 10,000 of its citizens left the country. Calculate the total population of the country at the end of the 1990.

In a free market economy, wage is determined mostly by ___.

Per capita income in any African Country is measured by ___.

If the fixed cost is ₦600.00, variable cost is ₦400.00 and total output is 100. What is the average cost?

The middlemen in the chain of distribution are ___.

One of the problems arising from localization of industries is ___.

Which of the following combinations is variable set of development indicators?

Factors of production are said to be specified when ____.

Economies of scale described ____.

Current account are classified as money because ____.

Production is said to be complete when :

One of the disadvantages of international trade is that it:

If the growth of available resource continuously out paces that of the population, a country will experience __.

In the Graph Below, FG indicates ___.

Which of the following is not an example of economic efficiency?

What is excess supply at the equilibrium price?

Which of the following would cause the aggregate demand curve to shift to the right?

Taxes and government expenditure are instruments of ___.

If the equilibrium price of a certain commodity is ₦120.00 and the government fixed its price at ₦110.00, the supply will be __.

Moses bought a pair of shoes instead of a face cap, his real cost is therefore is __.

In the diagram above, PS is the supply curve for a particular commodity, when OP is the price.
Which of the following statement is correct?

In economics, the concept of utility means ___.

The diagram below illustrates:

A specific argument advanced for protection is ___.

The regulatory authority of the Capital Market in Nigeria is the ___.