Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture?
- A. 1:2
- B. 3:2
- C. 2:1
- D. 2:3
Import duty and tariffs is an instrument used for international trade restriction and so is __________?
- A. Preferential duties
- B. Preferential treatment
- C. Entreport
- D. Trade license
The following are types of capital except:___________
- A. Current capital
- B. Saving capital
- C. Working capital
- D. Social capital
The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?
- A. Commercial bank
- B. Central bank
- C. Mortgage bank
- D. Merchant bank
| X | 2 | 3 | 4 | 5 |
| F | 2 | 5 | 2 | 1 |
From the table, the mean of the distribution is___________
- A. 2.2
- B. 2.5
- C. 3.2
- D. 4.5
When a union is composed of workers with the same skill , it is called____________
- A. An industrial union
- B. A workers union
- C. A craft union
- D. A technical union
One of the major forms of migration that tends to create problem in all developing countries is that of___________
- A. Rural-urban migration
- B. Rural-rural migration
- C. Urban-rural migration
- D. Seasonal migration
A group formed to enable members adopt a common policy in labour negotiation is known as?
- A. Employerβs association
- B. Craft Union
- C. Trade union
- D. Employeeβs union
The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?
- A. Revenue generation
- B. Economic development
- C. Fiscal Policy
- D. Taxation
The establishment of industries in rural areas will help to reduce____________-
- A. Urban-Rural migration
- B. Rural-Urban migration
- C. Rural-Rural migration
- D. Urban-Urban migration
The population density of a town made up of 50 square kilometer land area and 100 million people is________
- A. 50,000 people per square kilometer
- B. 2 million people per square kilometer ο
- C. 0.5 million people per square kilometer
- D. 20 million people per square kilometer
Which of the following is an invisible item?
- A. Petroleum services
- B. Processed rice
- C. Processed milk
- D. Banking services
A country’s budget allocation to various sectors of the economy is shown in the pie chart .
What is the ratio of expenditure of health to Agriculture?
- A. 2:3
- B. 3:4
- C. 4:3
- D. 5:4
The number of people who are qualified to work and who offer themselves for employment is called____________?
- A. Migrant labour
- B. Working population
- C. Labor turnover
- D. Mobility of Labour
| X | 8 | 10 | 12 | 16 | 18 | 20 | 24 |
| F | 2 | 1 | 4 | 3 | 3 | 1 | 6 |
From the table, Calculate the mean?
- A. 24.0
- B. 17.0
- C. 18
- D. 27.2
The formula (index of export prices)/(index of import prices) x 100 is used to measure the____________
- A. Volume of trade between countries
- B. direction of international trade
- C. commodity terms of trade
- D. volume of imports
The study of Economics becomes necessary because of the______________
- A. Large population size of the world
- B. Scarcity of resources
- C. Opportunity cost of goods and services
- D. Need to satisfy every desire of man
Efficiency of labour in a country is determined by the following except the____________
- A. Social attitude to work
- B. Education and training
- C. Total population
- D. Working conditions of workers
In a capitalist economy, factors of production are owned and controlled by the _____?
- A. Citizen
- B. Business Men
- C. Government
- D. Foreigners
A country’s budget allocation to various sectors of the economy is shown in the pie chart .
If the budget of the country was $7,200.00, how much is allocated to education?
- A. $2,400.00
- B. $2,000.00
- C. $1,200.00
- D. $1,000.00