Waec Economics 1995 Past Questions and Answers

Question 36:

• WAEC 1995

Which of the following is the source of raising funds for a public limited liability company in West Africa?

A. Bank loans
B. Issue of shares
C. Issue of debentures
D. Ploughing back profits
E. Sales of bonds

Question 37:

• WAEC 1995

Which of the following is not an objective of the Indigenisaton policy in Nigeria? To

A. Make Nigerians dominate their economy
B. Increase Nigerians participation in the economy
C. Prevent foreign monopoly of the economy
D. Eliminate foreign participation in the Nigerian economy
E. Protect the national interst and security

Question 38:

• WAEC 1995

Where was oil first discovered in commercial quantities in Nigeria?

A. Oloibiri
B. Warri
C. Elesa Eleme
D. Onitsha
E. Port Harcourt

Question 39:

• WAEC 1995

Where is the headquarter of the African Development Bank (ADB) located?

A. Lome
B. Adis Ababa
C. Accra
D. Lagos
E. Abdijan

Question 40:

• WAEC 1995

International trade takes place because of difference in

A. Production cost
B. Language
C. Government policy
D. Currency
E. International boundary