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ECONS 101



REVISION QUESTIONS

Hey Readers, Thank God Its Friday Again & lAST dAY OF THE mONTH OF jULY!!!!... It's always the Feeling of Friday, The Feeling of Now i can Relax, so before we do, lets revise some questions in the spirit of Holiday. We are continuing the Revision of Questions of WAEC, JAMB, GCE etc. 

So Let's get Started....

25. The Difference between the Number of Immigrants and Emigrants is?
a. Natural Growth Rate
b. Natural Increase
c. Net Migration                  
d. Census.

26. All the Following are Features of Optimum Population except
a. Full Employment of Available Resources
b. Unlimited Amount of Unexploited Resources
c. Maximum per Capita Production and Income
d. High Standard of Living.

27. The Financial Institution that specialises in risk spreading is called
a. An Investment Bank
b. A Development Bank
c. An Insurance Company
d. The Stock Exchange.

28. Which of the Following Features best describes Peasant Agriculture in West Africa?
a. It Specialises in the Production of One Crop
b. It Involves the use of Small Farm Holdings
c. It is a Capital-Intensive System of Farming
d. It is mostly associated with Tree Crops.

29. The Following are means of Reducing the Population of a Country except encouraging
a. Emigration
b. Family Planning
c. Early Marriage
d. Sex Education.

30. One of the Problems facing Industrial Development in West Africa Countries is
a. Inadequate Large Market
b. Inadequate Infrastructure
c. Inadequate Supply of Labour
d. Unavailability of Natural Resources.

31. In a Situation where the Finished Product of an Industry is Fragile, Bulky and Perishable, such an Industry should be located close to its?
a. Raw Materials
b. Market
c. Labour Supply
d. Power Supply.

32. If Y=Income, C=Consumption, I-=Investment, X=Export and M=Import, then National Income is?
a. Y=C - I + (X + M)
b. Y=C + I + (X + M)
c. Y= C + I + (X - M)
d. Y= C + I + (M - X).

33. The National Income is the ?
a. Gross Domestic Product at Market Prices
b. Gross National Product at Factor Cost
c. Net National at Factor Cost
d. Net National Product at Market Prices.

34. When Depreciation is deducted from Gross National Product, the result is?
a. Total National Income
b. Gross Domestic Product
c. Net National Product
d. Net Domestic Product.

35. Which of the following is not a Form of Money?
a. Coins
b. Bank Notes
c. Bank Balance
d. Bank Deposit.

36. A Price Index as a Statistics, measures?
a. How the Value of Money changes over time
b. The Volume of Currency in the Economy
c. The Exchange Rate of a Country's Currency
d. The Composition of Goods and Services.

NOTE:  THE QUESTIONS IN THIS POST WERE CULLED FROM WEST AFRICA EXAM COUNCIL 2012 PAPERS.. THANKS

This brings us to the end of today's session. Hope this was very helpful to you, leave a comment of what you think of this tutorial and Pls try to attempt the Questions on your own. Have a Blessed Day and Remember You are Amazing. God Bless.

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