Neco Economics Past Questions and Answers

Question 101:

• NECO 2004

Excise duties are taxes levied on ____________

A. Goods coming into the country
B. Goods going out of the country
C. Industrial incomes
D. Locally manufactured goods
E. Selected consumer durable

Question 102:

• NECO 2004

The main differences between money market and capital market is that money markets

A. Acts as advisers to investor while capital markets teleguides
B. Are owned by individuals, while capital markets are owned by government
C. Accepts collateral, while capital markets does not accept such
D. Accepts funds while capital markets disburse fun to investors
E. Provide short term loans, while capital markets provide long-term loans

Question 103:

• NECO 2004

Which of the following is NOT a function of the wholesaler in the distributive channel?

A. Bulk breaking
B. Direct contact with end users
C. Feedback information to manufacturers
D. Public relations and advertising of products
E. Storage facilities for finished products

Question 104:

• NECO 2004

A business organization set up for the mutual benefits of member with similar interest is known as ____________

A. Cooperative society
B. Partnership
C. Private limited company
D. Public corporation
E. Public limited company

Question 105:

• NECO 2004

A development planning which takes a long range view of the economy and covers a period of 10-20 years is regarded as ____________

A. Comprehensive planning
B. Indicative planning
C. Perspective planning
D. Regional planning
E. Sectors planning