SS1 Live Exam Economics

Question 1 : Which of the following is not a feature of the sole proprietorship business?

Question 2 : A firm is said to be a public joint-stock company when it

Question 3 : One of the advantages of a sole proprietorship is that

Question 4 : One of the arguments against the presence of middlemen in the distribution of goods in West Africa is?

Question 5 : A person who buys in bulk and sells in bits is a

Question 6 : Which of the following is the normal channel by which commodities reach final consumers?

Question 7 : Which of the following is not correct?

Question 8 : Distribution is part of production because it

Question 9 : The reward for a debenture holder of a public company is

Question 10 : The grouping of a population into male and female is known as the

Question 11 : Which of the following hard currencies is usually used in the pricing of oil at the world market particularly by the organization of petroleum exporting countries (OPEC)? The

Question 12 : Limited liability in Economics means that

Question 13 : The wholesaler provides all the following services to the manufacturers except

Question 14 : Distribution involves the

Question 15 : When a business has unlimited liability it means

Question 16 : Which of the following is not an agent of distribution?

Question 17 : One of the greatest demerits of the middle men in Nigeria is that they

Question 18 : Which of the following functions do retailers perform in an economy?

Question 19 : Devaluation means

Question 20 : Which of the following is the approximate working age in Nigeria?

Question 21 : In a sole proprietorship business,decisions are made by the

Question 22 : Which of the following is a public corporation

Question 23 : Which of the following is not a reason why people migrate from one place to another?

Question 24 : Which of the following business establishment is not motivated mainly by profits ?

Question 25 : Production is not complete until the

Question 26 : Public corporations in West Africa are set up to

Question 27 : Which of the following is not an advantage of government ownership of enterprises?

Question 28 : Mono-product economies are those that

Question 29 : To the economist, a stock of goods existing at a particular time and conforming to certain requirements such as having utility, money, value and being limited in supply is known as

Question 30 : Which of the following is not a problem of distribution of goods in Nigeria?

Question 31 : The decision on what to produce is a problem in

Question 32 : At optimum population level, a country has its

Question 33 : Which of the following does not require the use of information from census

Question 34 : The ownership of a public limited company is made up of

Question 35 : The natural growth rate of a population is the

Question 36 : A stock exchange is a market that

Question 37 : Hoarding in distributive trade leads to

Question 38 : Which of the following would not increase the population of country?

Question 39 : In a public company, entrepreneurial functions are performed by the

Question 40 : The reward for shareholders of a company is

Question 41 : Economics is the study of the wealth of nations. This definition was given by

Question 42 : The acronym “plc” is used to represent

Question 43 : The document that is given by the registrar of companies to a duly registered company is called?

Question 44 : The smallest unit in the capital structure of a company is called?

Question 45 : The instrument with which a joint stock company borrows money from the public is

Question 46 : The number of birth per thousand people in a year is refered to as

Question 47 : The movement of people into a country from another is known as

Question 48 : The movement of people out of a country to another is known as

Question 49 : Infants and adolescents in a country fall under what category of population?

Question 50 : When the resources of a country is more than the total number of people, it is said to be