Neco Economics 2005 Past Questions and Answers

Question 36:

• NECO 2005

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

Question 37:

• NECO 2005

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 f member countries

Question 38:

• NECO 2005

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

Question 39:

• NECO 2005

ECOWAS secretariat is located in ____________

A. Abuja, Nigeria
B. Accra, Ghana
C. Conakry, Guinea
D. Freetown, Sierra Leone
E. Monrovia, Liberia V

Question 40:

• NECO 2005

Persistent fail In the general price level Is known as ____________

A. Deflation
B. Devaluation
C. General price Increase
D. Inflation
E. Price index