Post Utme Economics Past Questions and Answers

Question 336:

The money market is a financial market that specializes the provision of ____________

A. Short-term loans and advance
B. Medium-term loans
C. Venture capital for development project

Question 337:

The military normally belongs to the arms of government known as ____________

A. The legislature and the Judiciary
B. The executive
C. The judiciary
D. The judiciary and the executive

Question 338:

The major strategy used by OPEC to influence Oil price is by ____________

A. Determining the quantity of oil to be produced at any given period
B. Influencing buyers at the international market to buy at high price
C. Allowing member countries to produce at their discretion
D. Increasing the supply of the commodity

Question 339:

The main objection of the public service review Commission headed by Chief Jerome Udoji was to make the Nigerian service ____________

A. Less corrupt
B. More attractive financially
C. More efficient and result- oriented
D. Superior to the private sector.

Question 340:

Price elasticity of supply is a ratio of the change in a ____________

A. Price to the change in quantity supplied
B. Quantity supplied to the change in demand
C. Original quantity to a change in a new quantity
D. Quantity supplied to the change in price