Neco Economics 2005 Past Questions and Answers

Question 6:

• NECO 2005

The use of tax and expenditure policy to regulate the economy is known as ____________

A. Deregulation
B. Fiscal policy
C. Monetary policy
D. Physical measures
E. Structural adjustment

Question 7:

• NECO 2005

If the population of a school is 600 and 60% are In JSS, how many students are in SSS?

A. 204
B. 224
C. 240
D. 244
E. 248

Question 8:

• NECO 2005

Which of the following is NOT associated with minimum price legislation?

A. Black market
B. Excess demand
C. Excess supply
D. Unattainable equilibrium
E. Unemployment

Question 9:

• NECO 2005

The following are problems of development planning in Nigeria EXCEPT

A. Death of skilled manpower
B. Inadequate capital
C. Inadequate statistical data
D. Poor implementation of economic planning
E. Under-population

Question 10:

• NECO 2005

Which of the following is NOT included in-measuring the National income through the income approach?

A. Allowance given to an aged mother by a civil servant
B. Income earned by a bricklayer
C. Profit earned by Nigerian bottling company plc
D. Profit earned by NITEL plc
E. Salary earned by a doctor