NECO Past Questions and Answers - Page 185

921.

An industry engaged in the extraction of raw materials and its conversion into semi-finished goods is called industry

A.

Construction

B.

Conversion

C.

Manufacturing

D.

Mining

E.

Processing

Correct answer is C

No explanation has been provided for this answer.

922.

Production is said to be complete when goods and services gets to the

A.

Consumers

B.

Distributors

C.

Retailers

D.

Warehouses

E.

Wholesalers

Correct answer is A

No explanation has been provided for this answer.

923.

When an increase in the price of a commodity lead to a fall in the demand for another, the demand for the two commodities are said to be

 

A.

Abnormal

B.

Competitive

C.

Composite

D.

Derived

E.

Joint

Correct answer is E

No explanation has been provided for this answer.

924.

Which of the following statements is correct about light and sound waves? Both

A.

are longitudinal waves

B.

are transverse waves

C.

have the same velocity in air

D.

need a medium for propagation

E.

transmit energy

Correct answer is E

No explanation has been provided for this answer.

925.

Economic problem arises as a result of

A.

Choice

B.

Money cost

C.

Opportunity cost

D.

Scarcity

E.

Scale of preference

Correct answer is D

No explanation has been provided for this answer.