Post Utme Economics Past Questions and Answers

Question 321:

An efficient weapon used in resolving disputes between employers and employees is ____________

A. Co-operation
B. Collective bargaining
C. Display of placards through
D. Legal action

Question 322:

Restriction on credit creation by commercial banks can be effected through ____________

A. Legal action
B. Loans and allowance
C. Demand deposit
D. Liquidity ratio
E. Current account

Question 323:

The Net national Product (NNP) is the Gross National Product (GNP) ____________

A. Minus depreciation
B. Plus income from abroad
C. Less income from abroad
D. Plus indirect taxes
E. Plus depreciation

Question 324:

"MEANS" in Economics refers to ____________

A. Choice
B. Factors
C. Output
D. Resources

Question 325:

Which of the following does not belong to the group in respect of the quality of money?

A. Durability
B. Divisibility
C. Portability
D. Measure of value