UNICAL Economics 2021/2022 Past Questions

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

The median of an odd-number set of scores is the

A.middle value in the set
B.most frequently occurring score
C.arithmetic mean of the set
D.highest value in the set

Investing heavily in the agricultural sector will lead to

A.sufficient food production
B.stable export prices
C.capital inflow
D.a vibrant commodity market

The labour force in Nigeria falls between the ages of

A.18 and 60
B.18 and 55
C.18 and 45
D.18 and 30

The movement of goods and services from the producers to the consumers is referred to as

A.consumption
B.external trade
C.the circular flow
D.the distribution chain

The marketing of agricultural commodities in Nigeria is hampered by

A.lack of adequate storage facilities
B.the existence of farmers’ association
C.the abolition of marketing boards
D.the existence of commodity exchange

The most important advantage of cooperative societies is

A.Their high degree of democracy
B.The increase in the cost of marketing
C.That members are encouraged to save money
D.The possibility of raising loans for the members.

In a public company, shares are

A.Sold to one person only
B.Distributed freely
C.Advertised to members of the public for subscription
D.Disposed off by the chief executive

Which of the following is a characteristic of the private limited liability company?

A.Its shares can be sold to the public
B.The number of share holders ranges from 50 to 100
C.All share holders have equal powers and responsibilities
D.The number of shareholders range from 2 to 50