Economics 2005 Neco Past Questions and Answers

Question 26 :

• NECO 2005

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

A. Consumers
B. Distributors
C. Retailers
D. Warehouses
E. Wholesalers

Question 27 :

• NECO 2005

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

Question 28 :

• NECO 2005

If two bags of rice were sold for N1,250 a mouth ago and two weeks later, the same amount was used to procure one bag. This simply means that the value of money is ____________

A. Constant
B. Decreasing
C. Fluctuating
D. Increasing
E. Proportional

Question 29 :

• NECO 2005

The following are the objectives of agricultural policies in Nigeria EXCEPT

A. Provision of food
B. Provision of agricultural raw materials to industrial sectors
C. Increasing prices of agricultural Inputs
D. Creation of rural employment

Question 30 :

• NECO 2005

Stock exchange market deals with ____________

A. Exchange of commodities
B. Exchange of stock fish for stock
C. Exchange of treasury bills
D. Sales of foreign exchange
E. Sales of second hand securities