Neco Economics Past Questions and Answers

Question 41:

• NECO 2002

The bank established to finances project aimed at promoting economic and social development within the African continent is ____________

A. African bank for commerce and industry
B. African development bank
C. Economic bank for African
D. Recovery fund bank for Africa
E. Africa currency board bank

Question 42:

• NECO 2002

The comparison of the standard of living between Nigeria and Ghana is best down through the use of ____________

A. Gross domestic product
B. Gross National incomes
C. Net disposable income
D. Net National income
E. Per capita income

Question 43:

• NECO 2002

What is the median term in the distribution below ;14, 13 29 ,15 ,13,17 ,12, ____________

A. 12
B. 13
C. 14
D. 15
E. 29

Question 44:

• NECO 2002

The middle value of an array figure arranged in descending order is referred to as the ____________

A. Equation
B. Mean
C. Median
D. Mode
E. Variance

Question 45:

• NECO 2003

Abdul is faced with a choice between buying a new NOTE book and a pen with N10. Since the N10 can NOT give him both items he decide to buy NOTE book. The money cost to him is ____________

A. N10
B. N20
C. N30
D. N40
E. N50