NECO Economics Past Questions & Answers - Page 28

136.

Persistent fail in the general price level is known as

A.

Deflation

B.

Devaluation

C.

General price Increase

D.

Inflation

E.

Price index

Correct answer is A

No explanation has been provided for this answer.

137.

ECOWAS secretariat is located in

A.

Abuja, Nigeria

B.

Accra, Ghana

C.

Conakry, Guinea

D.

Freetown, Sierra Leone

E.

Monrovia, Liberia 

Correct answer is A

No explanation has been provided for this answer.

138.

In the equation Q = a - bp + e; Q and P are .... Variables respectively.

A.

Constant and dependent

B.

Dependent and independent

C.

Error term and independent

D.

Independent and constant

E.

Independent and dependent

Correct answer is E

No explanation has been provided for this answer.

139.

Which of the following is NOT a function of the IMF?

A.

Assisting member countries in printing and issuing their currency

B.

Exchange rate stabilization

C.

Promoting international monetary cooperation

D.

Providing financial aid to members experiencing balance of payment difficulties

E.

Serving as a clearing house of member countries

Correct answer is A

No explanation has been provided for this answer.

140.

A business formation with a minimum of two and maximum of twenty persons is called

A.

Cooperative society

B.

Joint stock company

C.

One man business

D.

Partnership

E.

Public corporation

Correct answer is D

No explanation has been provided for this answer.