Post Utme Economics Past Questions and Answers

Question 466:

The reward for capitals is ____________

A. Interest
B. Rent
C. Risk
D. Premium

Question 467:

Unemployment that’s arises because of introduction of new machines and equipment in production is called ____________

A. Cyclical
B. Structural
C. Seasonal
D. Disguised

Question 468:

The primary objective of the Nigerian Industrial Development Bank (NIDB) is the provision of loans to ____________

A. Farmers
B. Manufacturers
C. Estate agents
D. Transporters

Question 469:

Small enterprises find it difficult to expand due to ____________

A. Inadequate capital
B. Lack of skilled manpower
C. The big level of technology required for expansion
D. Their inability to prove after sales services

Question 470:

Balance of payments deficit implies that a country is ____________

A. Importing more than what the exporting
B. Consuming more than what the producing
C. Living below her means
D. More productive than other