Post Utme University of Uyo Economics Past Questions and Answers

Question 16:

Open Market Operation (OMO) means the ____________

A. Provision of credit facilities by commercial banks
B. Provision of credit facilities by the mortgage banks
C. Buying and selling of government securities by the central bank

Question 17:

Which of the following will ensure efficiency in the industrial sector for your country?

A. Indigenization
B. Privatization
C. Nationalization
D. Liquidation

Question 18:

Which of the following is not a direct effort to increase agricultural production?

A. Operation feed the nation
B. Use of improved seedlings
C. Increased loans to farmers and co-operative societies
D. National Youth Service Corps

Question 19:

The act of selling goods in foreign markets at prices below those charged at home markets is called ____________

A. Exchange
B. Specialization
C. Dumping
D. Exporting

Question 20:

One disadvantage of direct taxes is that ____________

A. Government’s revenue is reduced
B. Price of essential commodities fall
C. People are discouraged from additional work
D. Firms make more profit