Waec Economics 2001 Past Questions and Answers

Question 21:

• WAEC 2001

Industries are not sited in most rural areas of Nigeria because ?

A. Of inadequate basic infrastructure
B. They lack raw materials
C. There is no appropriate government policy
D. The climate is not conducive

Question 22:

• WAEC 2001

Which of the following business units can issue shares?

A. Sole trader
B. Private limited companies
C. Cenyral Banks
D. Super market

Question 23:

• WAEC 2001

When the government initiates measures to make an organization in which it has substantial interest more profit oriented, such a business is described as being

A. Indigenized
B. Restructured
C. Privatized
D. Commercialized

Question 24:

• WAEC 2001

which of the following is not a trade union in Nigeria?

A. Nigerian Labour Congress
B. Academic Staff Union of Universities
C. Nigerian Ecoonomic Society
D. Nigerian Union of Journalists

Question 25:

• WAEC 2001

The monopolist power can be controlled by the government through

A. Labour union
B. Price legislation
C. Import restrictions
D. Export promotion