Post Utme Economics Past Questions and Answers

Question 106:

One of the dangers of localization of industries is ____________

A. Residual unemployment
B. Mass unemployment
C. Structural unemployment
D. Cyclic unemployment

Question 107:

In commercial banking, an account from which a customer cannot withdrew money instantly is a ____________

A. Demand deposit account
B. Time deposit account
C. Special deposit account
D. Saving deposit account

Question 108:

Banks can create more money by ____________

A. Increasing their cash ratio with the central bank
B. Issuing more bank cheques
C. Accepting more deposits from customers
D. Lending out money from customers' deposits

Question 109:

The most important factor in ensuring economic development is the ____________

A. Effective mobilization of domestic savings
B. Presence of foreign account
C. Formulation of appropriate government policies
D. Attraction of foreign aids and grants

Question 110:

Developments outside a given firm which reduce the firm's costs are called ____________

A. Internal economies
B. External economies
C. External diseconomies
D. Optimum effects