Question 1If a kilogram of N250 and a kilogram of fish is N200, what is the opportunity cost of buying 10 kilograms of beef?A.N2500B.N2000C.12.5kgD.50kgObjective Show full explanation
Question 2A trader sold N14000 on Monday Nx on Tuesday, N10,000 on Wednesday and N16,00 on Thursday. If his mean amount is N15,000 how much did he sell on Tuesday?A.N24,000B.N15,000C.N40,000D.N10,000Objective Show full explanation
Question 3One disadvantage of mixed economy is ..........A.absence of competitionB.private sector participationC.that it takes the features of capitalism and socialismD.government interference with consumers sovereigntyObjective Show full explanation
Question 4An investor who lost only his investment due to business total collapse, must have invested in ......A.partnershipB.private companyC.a co-operative societyD.Public corporationObjective Show full explanation
Question 5One effect of maximum price legislation is .......A.black marketB.unemploymentC.excess supplyD.price increaseObjective Show full explanation
Question 6When total utility is at maximum point, marginal utility is ......A.zeroB.decreasingC.increasingD.price increaseObjective Show full explanation
Question 7During inflation, the Central Bank .......A.buys treasuryB.reduces tax billsC.increases money supplyD.sells treasury billsObjective Show full explanation
Question 8Near money is made up of ........A.coins and bank notesB.notes and bank depositsC.very liquid assetsD.coins, notes and bank depositsObjective Show full explanation
Question 9All the production done in Nigeria by both Nigerians anf foreigners living in Nigeria is calledA.GNPB.GDPC.NNPD.per capitaObjective Show full explanation
Question 10Devaluation of currency in a country leads to ......A.economic boomB.exports becoming cheaperC.increasing importsD.reducing exportsObjective Show full explanation
Question 11the term scarcity refers to .........A.Available resourcesB.wantsC.limited available resourcesD.unlimited available resourcesObjective Show full explanation
Question 12The ranking of one's needs in order of relative importance is ......A.meansB.scale of preferenceC.choiceD.demandObjective Show full explanation
Question 13Given the following numbers 5, 9, 8, 6, 17, 10, 12, 15, 20, 23 the median is ............A.10B.22C.11D.12Objective Show full explanation
Question 14Any point on the production possibility curves signifies .........A.inefficient utilization of resourcesB.maximum satisfactionC.efficient utilization of resourcesD.unattainable combinationsObjective Show full explanation
Question 15The movement off labour from one job to another is known as ........A.geographical mobilityB.Occupational mobilityC.Industrial mobilityD.Division of labourObjective Show full explanation
Question 16Given the functions Qd=42-2p and Qs=12+ 4p the equilibrium price and quantity are ...........A.5 and 32 respectivelyB.30 and 32 respectivelyC.16 and 40 respectivelyD.52 and 8 respectivelyObjective Show full explanation
Question 17The demand for money to be able to meet unforeseen circumstance is calledA.speculative moodB.Transactionary motiveC.precautionary motiveD.promissory motiveObjective Show full explanation
Question 18The type of inflation caused by an excessive increase in demand of goods in relation to their supply is called ............A.galloping inflation B.cost-pull inflationC.demand-pull inflationD.imported inflationObjective Show full explanation
Question 19At what point is this perfect competitor at equilibrium? When .......A.MC = MR = ARB.MC = AC = ARC.AC = MR = ARD.None of the aboveObjective Show full explanation
Question 20The difference between the amount a consumer budgeted to pay for a commodity and the actual amount paid for the community refers ............A.consumers equilibriumB.consumers surplusC.consumers budget lineD.point of saturationObjective Show full explanation
Question 21the most important function of government is .......A.protection of lives and propertyB.provision of social amenitiesC.provision of employmentD.provision and maintenance of law and orderObjective Show full explanation
Question 22Nigeria became a Republic in .............A.1960B.1961C.1948D.1963Objective Show full explanation
Question 23the term gerontocracy is used to refer to a system where .......A.the youngest person rules in a communityB.the oldest person rules in a communityC.nobles rule the communityD.only the rich rulesObjective Show full explanation
Question 24The first Governor-General of Nigeria during the colonial period was .............A.Sir Fredrick Lord LugardB.Sir James RobertsonC.Dr Nnambi AzikiweD.Sir Hugh CliffordObjective Show full explanation
Question 25The term 'rational-legal authority' was coined by ............A.Max WeberB.Karl marxC.Jean BodinD.A.V DiceyObjective Show full explanation
Question 26Power backed by right is commonly known as ........A.authorityB.powerC.legitimacyD.sovereigntyObjective Show full explanation
Question 27The belief or perception that is commonly held by the members of political community theta the ruling government has been established through the rightful and constitutional means and therefore worthy of obedience is known as ..........A.Political authorityB.legitimacyC.Political cultureD.sovereigntyObjective Show full explanation
Question 28An agent of political socialization which is the first point of contact to every young member of the community is the ..........A.schoolB.familyC.mass mediaD.political partyObjective Show full explanation
Question 29.......... is the highest stage of socialismA.capitalismB.communismC.oligarchyD.democracyObjective Show full explanation
Question 30De facto sovereignty implies ..........A.Political power of the state gotten through the use of forceB.where the political power of the state is gotten through popular electionsC.the supreme power of the state to compel obedience from her citizens within her territoryD.the power of the state to conduct her international affairsObjective Show full explanation
Question 31All the following promote the principle of rule of law. except .......A.freedom of the pressB.military ruleC.impartial and independent judiciaryD.legal aidObjective Show full explanation
Question 32Adherence to the provisions of the constitution is the simple meaning of ...........A.patriotismB.rule of lawC.ConstitutionalismD.delegated legislationObjective Show full explanation
Question 33Nigeria operates a ....... constitutionA.WrittenB.UnitaryC.FlexibleD.an unwrittenObjective Show full explanation
Question 34The mode of operation of pressure groups incleds all the following except .........A.public petitionB.protest lettersC.propagandaD.political ralliesObjective Show full explanation
Question 35Th view held by a relatively large number of the masses about an action of government in a given country is called .......A.public opinionB.Political opinionC.social expressionD.mass opinionObjective Show full explanation
Question 36Franchise simply means ........A.the totlity of the electorateB.Universal adulot suffrageC.eligibe voters in an electionsD.The right to voteObjective Show full explanation
Question 37Laws made by local government are called .........A.statusB.acts of parliamentC.bye-lawsD.ultra viresObjective Show full explanation
Question 38The Oyomesi council of chiefs in precolonial Yoruba land was made up of ......... noble chiefs and headed by the ..........A.seven/ the BashorunB.seven/AlaafinC.six/The OlowoD.five/ogbni council of chiefsObjective Show full explanation
Question 39The first Executive President of Nigeria is ........A.Alhaji Shehu ShagariB.Alhaji Aminu KanoC.Alhaji Tafawa BalewaD.MallamUmaru DikoObjective Show full explanation
Question 40Which two political parties in Nigeria evolved as ethnic cultural organizationA.UNCP and APGAB.NCNC and NYMC.AC and NPCD.SDP and NRCObjective Show full explanation
Question 41A school boy lying on the groung 30m away from the foot of a water tank tower observes that the angle of elevation of the top of the taank is 60°, calculate the height of the water tank.A.60mB.30√3mC.20√3mD.10√3mObjective Show full explanation
Question 42The gradient of the line joining (3, y) and (-1, -2) is $$\frac32$$ find the value of y.A.-4B.-3C.3D.4Objective Show full explanation
Question 43The binary operation * is defined by x*y = xy - y - x, for all real values of x and y. if x*3 = *x, find xA.-1B.0C.1D.5Objective Show full explanation
Question 45A wire 4m long and of cross sectional area 2 × 10-8m2 has a resistivity of 5Ω calculate its resistivityA.4 × 107Ω/mB.2.5 × 107Ω/mC.4 × 10-8Ω/mD.2.5 × 10-8Ω/mObjective Show full explanation
Question 46what energy is radiated by an atom as an electron jump from one level to another within the atom?[Plank's constant = 6.6 × 10-34Js, speed of light in vacuum is × 108ms-1, wavelength of emitted radiation is 3.3 × 10-7m]A.6.6 × 10-19JB.6.0 × 10-19JC.1.65 × 10-17JD.6.60 × 10-7JObjective Show full explanation
Question 47The handle of a screw jack of pitch 4mm turns through a circle of radius 21cm when it is used to raise a load. what is the velocity ratio of the jack?[π = $$\frac{22}7$$]A.66B.165C.264D.330Objective Show full explanation
Question 48Given sin45° = cos45° = $$\frac1{\sqrt2}$$sin30° =$$\frac12$$, sin30° = $$\frac{\sqrt{3}}2$$, find sin15°A.√6/4B.√6 - √2/4C.√6/4D.√2 -1/3Objective Show full explanation
Question 49If the sum of the first n terms of a sequence is n2 - n + 1, find the %th term.A.21B.12C.31D.8Objective Show full explanation
Question 50Solve -3<5 - 3sx ≤ 11.A.22/3 < x ≤ -2B.-2 ≤ x < 22/3C.x ≥ -2, x > 22/3D.x ≤ -2,x < 22/3Objective Show full explanation