Post Utme Economics Past Questions and Answers

Question 61:

The biggest source of government revenue in Nigeria is ____________

A. Mining rents and royalties
B. Company income tax
C. Import duties
D. Export duties
E. Petroleum profits tax

Question 62:

A major obstacle to economic development is ____________

A. A rise in industrial output
B. Low beg farm productivity
C. Free trade
D. Ineffective trade unions
E. Corruption

Question 63:

A sustained increase in the per capita income of a country over a period of time is called

A. Economic growth
B. Economic Development
C. Structural change
D. Stagflation
E. Sustainable income growth

Question 64:

In recent years, Nigerian economy has been registering a spectacular growth in ____________ Sector in the last ten years.

A. Agriculture
B. Education
C. Telecommunication
D. Transport
E. Distribution

Question 65:

Nigeria, being a developing African country in the sub-Sahara, has put together a development blue-print called Vision 20:2020 which can ensure that the country becomes

A. One of the 20 developed countries by the year 2020
B. An African economic 'Tiger' by the year 2020
C. One of the 20 largest economies in the world by the year 2020
D. One of the 20 largest economies in sub-Saharan Africa by the year 2020
E. One of the 20 largest economies in the developing world by the year 2020