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Neco Economics 2005 Past Questions and Answers

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Neco 2005 Economics Past Questions

Question 26:


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:


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:


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:


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:


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






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